All Wood manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $863,100 of manufacturing overhead cost, 41,100 of direct labour hours, and $1,397,400 of direct labour cost during the year (the cost of direct labour is $34 per hour). The company allocates manufacturing overhead on the basis of direct labour hours. During March, All Wood completed Job 301. The job used 195 direct labour hours and required $13,300 of direct materials. The City of Forest Hills has contracted to purchase the playground equipment completed in job 301 at a price of 22% over manufacturing cost. Requirements 1. Calculate the manufacturing cost of Job 301. 2. How much will the City of Forest Hills pay for this playground equipment? Requirement 1. Calculate the manufacturing cost of Job 301. (Round your answer to the nearest whole number.) First identify the formula, and then calculate the predetermined overhead rate. Predetermined overhead rate II per hour