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 Total Machining Finishing 4,000 Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost 6,000 $ 16,200 $ 2.60 10,000 24,400 40,600 $ 5.00 8 0s3 15Estimated vartable manufacturing overhead cst perl 00:53.15 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 $13,700 $7,700 $20,800 $7,600 Direct materials Direct labor cost Machining machine-hours Finishing machine-hours 2,5004,000 2,500 1,000 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 decimal 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 thee amount of manufacturing overhead applied to Job K. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Mc Graw Hill Prev 27 of 29 Next Type here to search