Bierce Corporation has two manufacturing departments-Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining 7,000 Finishing 3,000 $18,600 $ 4.00 Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MR 10,000 $ 31.200 $ 12,600 1.70 During the most recent month, the company started and completed two jobs-Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job B Job K Direct materials Direct labor cost Machining machine-hours Fininhing machine-hours $21,600 $7,800 $21,000 $7,800 2,500 500 4,500 2,500 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decmal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B. (Do not round intermediate calculations.) C. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the 2 of 5 Next>