All Wood Industries manufactures custom designed playground equipment for schools and city parks. All Wood expected to incur S586,600 of manufacturing overhead cost, 41,900 of direct labor hours, and $921,800 of direct labor cost during the year the cost of direct labor is $22 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, All Wood completed Job 309. The job used 190 direct labor hours and required $14,200 of direct materials. The City of Jonestown has contracted to purchase the playground equipment at a price of 24% over manufacturing cost Read the requirements Requirement 1. Calculate the manufacturing cost of Job 309, First identify the formula, then calculate the predetermined overhead rate. Estimated yearly overhead costs Estimated yearly direct labor costs Predetermined overhead rate por hour