Enjoy It Industries manufactures custom-designed playground equipment for schools and city parks. Enjoy It expected to incur $664,000 of manufacturing overhead cost, 41,500 of direct labor hours, and $1,328,000 of direct labor cost during the year (the cost of direct labor is $32 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During October, Enjoy It completed Job 301. The job used 200 direct labor hours and required $14,500 of direct materials. The City of Forest Hills has contracted to purchase the playground equipment at a price of 26% over manufacturing cost. Read the requirements. Requirement 1. Calculate the manufacturing cost of Job 301. First identify the formula, then calculate the predetermined overhead rate. . Predetermined overhead rate = = II = per hour