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Harnett Corporation has two manufacturing departments - - Molding and Assembly. The company used the following data at the beginning of the period to calculate

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:
Molding Assembly Total
Estimated total machine-hours (MHs)7,0003,00010,000
Estimated total fixed manufacturing overhead cost $ 39,900 $ 18,600 $ 58,500
Estimated variable manufacturing overhead cost per MH $ 2.00 $ 4.00
During the period, the company started and completed two jobs--Job E and Job M. Data concerning those two jobs follow:
Job E Job M
Direct materials $ 21,600 $ 8,500
Direct labor cost $ 21,700 $ 8,600
Molding machine-hours 2,5004,500
Assembly machine-hours 2,500500
Required:
a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate.
Note: 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 E.
Note: Do not round intermediate calculations.
c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job E.
Note: 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 E.
Note: Do not round intermediate calculations.
e. 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?
Note: Round your answer to 2 decimal places.
f. 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?
Note: 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 E?
Note: 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.
Note: Do not round intermediate calculations.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:
During the period, the company started and completed two jobs--Job E and Job M. Data concerning those two jobs follow.
Required:
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