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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 predetermined

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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 predetermined overhead rates. Holding Assembly Estimated total machine-hours (MH) Tural 7,000 Estimated total fixed manufacturing overhead cost 3,000 10,000 556,000 $11,700 567.700 Estimated variable manufacturing overhead cost per MH $ 2.50 $5.00 During the period, the company started and completed two jobs-Job E and Job M. Data concerning those two jobs follow Direct materials Direct labor cost Molding machinc-hours Assembly machine-hours Job E Job M $21,400 $3,000 $23,600 58.500 1,250 5,750 1,250 1,750 Required: record all answers and calculations on your worksheet. 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 Required: record all answers and calculations on your worksheet. a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. Calculater 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.)

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