Check my work B. TB Problem Qu. 2-281 Harnett Corporation has two manufacturing Harnett Corporation has two manufacturing departments-Molding and Assembly The company used the following data at the beginning of the period to calculate predetermined overhead rates Estimated total machine-hours (MHS) Molding Assembly Total Estimated total fixed manufacturing overhead cost 9,880 1,080 10.000 Estimated variable manufacturing overhead cost per MH $ 45, 900 57,600 $ 53,500 $ 1.50 $ 3.00 UT 1:55:01 During the period, the company started and completed two jobs-Job E and Job M. Data concerning those two jobs follow ook Direct materials Direct labor cost Molding machine-hours Assembly machine-hours Job E Job M $21,800 59.000 $22,100 $ 8,500 2,500 6,500 500 500 ufas ufac 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 appled to Job E. (Do not round intermediate calculations: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours Calculate the total manufacturing cost assigned to Job E. (Do not round Intermediate calculations.) d. Assume that the company uses a plantwde predetermined manufacturing overhead rate based on machine hours and uses a markup of 20% on manufacturing cost to establish selling prices Calculate the selling price for Job E. (Do not round intermediate calculations.) . Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments, What is the departmental predetermined overhead rate in the Molding department (Round your answer to 2 decimal places) Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both production departments What is the departmental predetermined overhead rate in the Assembly department (Round your answer to 2 decimal places) Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both production departments How much manufacturing overhead will be applied to Job ET (Do not round Intermediate calculations h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices Calculate the selling price for Job E Do not round Intermediat calculations ufact Mark ng pri per MH b d Predetermined overeed rate Manufacturing overhead applied Manufacturing com Selling price Mosing predetermined overhead rate Assembly predetermined overhead rate Manufacturing ovechead applied E Selling price for job ting de 1 per MH per MH 0 le by TC h sing Pre
