departments. What is the departmental predetermined overhead rate in the Forming department? (Rounc places.) f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the production departments. What is the departmental predetermined overhead rate in the Customizing depe to 2 decimal places.) g. Assume that the company uses departmental predetermined overhead rates with machine-hours as th- production departments. How much manufacturing overhead will be applied to Job L? (Do not round inte h. Assume that the company uses departmental predetermined overhead rates with machine-hours as th- production departments. Further assume that the company uses a markup of 20% on manufacturing cost Calculate the selling price for Job L. (Do not round intermediate calculations.) per MH a Predetermined overhead rate b. Manufacturing overhead applied C. Manufacturing cost d. Selling price e. Forming predetermined overhead rate f. Customizing predetermined overhead rate g. Manufacturing overhead applied job L h. Selling price for job L per MH per MH Prey 15 of 20 Hultquist Corporation has two manufacturing departments Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates Estimated total machine-hours (M) Estimated total Fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per 14 For Custom Total 8,000 8,000 16,089 $4,000 520,000 $24,000 $ 3.00 5 6.00 During the period, the company started and completed two jobs-Job and Job L Data concerning those two jobs follow. Direct materials Direct labor cost Forming machine hours Customizing machine hours Job C Job L $15,700 39,200 $22,500 $9,400 2,780 5,300 400 7,600 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 L (Do not round Intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rote bosed on machine houts. Calculate the total manufacturing cost assigned to Job L (Do not round Intermediate calculations.) d. Assume that the company uses a plantwide 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 L (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 rote in the Forming 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 role in the Customizing department (Round your answer to 2 decimal places.) G. 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 LY (Do not found intermediate calculations) h Assume that the company uses departmental predetermined overhead roles 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 paces Calculate the selling price for Job L (Do not found intermediate calculations.)
