ds/assignment%201%20ALUT%20205%205PING U2ULULUJULUUNILIN Assignments Chapter 1, 2, 3 and 4 Activity 1: AlArabi Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production 120,000 Machine-hours required to support estimated production 60,000 Fixed manufacturing overhead cost $740,000 Variable manufacturing overhead cost per direct labor-hour $2.00 Variable manufacturing overhead cost per machine-hour During the year, Iob 373 was started and completed. The following information is available with respect to this job: Direct labor cost $205 Direct materials $275 Direct labor-hours 12 Machine-hours Required: 1. Assume that AlArabi has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. ads assignmenty 2014620ACCTY20205%20Spring202020%20UNLINE.Par Machine-hours 8 Required: 1. Assume that AlArabi has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 373, c. If AlArabi uses a markup percentage of 180% of its total manufacturing cost, what selling price would it establish for Job 373