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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. (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.(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.(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.(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? (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? (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?(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.(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:
Estimated total machine-hours (MHs)
Estimated total fixed manufacturing overhead cost
Estimated variable manufacturing overhead cost per MH
During the period, the company started and completed two jobs--Job E and Job M. Data concerning those two jobs follow:
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 E.(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.(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.(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 departmenta/ predetermined overhead rate in the Molding department? (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? (Round your answer to
2 derimal nlarec I
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