All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $828,000 of manufacturing overhead cost, 41,400 of direct labor hours, and $993,600 of direct labor cost during the year (the cost of direct labor is $24 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During October, All Wood completed Job 308. The job used 185 direct labor hours and required $13,900 of direct materials. The City of Jonestown has contracted to purchase the playground equipment at a price of 22% over manufacturing cost Read the requirements Requirement 1. Calculate the manufacturing cost of Job 308 First identify the formula, then calculate the predetermined overhead rate Estimated yearly overhead costs 828,000 Total direct labor-Job #301 Predetermined overhead rate 41,400 20 per hour