All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incor $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,337,600 of direct labor cost during the year (the 'cost of direct labor is $32 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During July. All Wood completed Job 305. The job used 170 direct labor hours and required $13,900 of direct materials. The City of Eastbridge has contracted to purchase the playground equipment at a price of 20% over manufacturing cost. Read the uirement Requirement 1. Calculate the manufacturing cost of Job 305. First identify the formula, then calculate the predetermined overhead rate. Estimated yearly overhead costs $ 627,000 Calculate the manufacturing cost of Job 305 Estimated yearly direct labor hours 41,800 $ Total job cost Predetermined overhead rate 15 per hour