Enjoy It Industries manufactures custom-designed playground equipment for schools and city parks. Enjoy It expected to incur $784,700 of manufacturing overhead cost, 41,300 of direct labor hours, and $1,569,400 of direct labor cost during the year (the cost of direct labor is $38 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Enjoy It completed Job 303. The job used 195 direct labor hours and required $14,200 of direct materials. The City of Ogdenville has contracted to purchase the playground equipment at a price of 29% over manufacturing cost. Read the requirements. Requirement 1. Calculate the manufacturing cost of Job 303. First identify the formula, then calculate the predetermined overhead rate. Predetermined overhead rate II per hour Estimated yearly direct labor costs Estimated yearly direct labor hours Estimated yearly overhead costs Total direct labor-Job #301 Total direct materialsJob #301 Requirements 1. Calculate the manufacturing cost of Job 303. 2. How much will the City of Ogdenville pay for this playground equipment