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) 9,000 1. De 10,890 Estimated total fixed manufacturing overhead cost $45, see $7,600 $53,500 Estimated variable manufacturing overhead cost per MH $ 1.se $ 3.00 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 $21,800 $9,000 $22,100 $8,500 Direct materials Direct labor cost Molding machine- hours Assembly machine- hours 2,500 6,500 500 500 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 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 rato in the Molding department? {Round your answer to 2 decimal places.) 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.) per MH 8. Predetermined overhead rate b. Manufacturing overhead applied c. Manufacturing cost d. Selling price Molding predetermined overhead e rate f. Assembly predetermined overhead rate Manufacturing overhead applied 9 job E h. Selling price for job E per MH per MH
