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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:

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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: Estimated total machine-hours (MMS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 7,000 $39,900 $ 2.00 Assembly 3,000 $18,600 $ 4.00 Total 10,000 $58,500 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 machine-hours Assembly machine-hours Job E Job M $21,600 $ 8,500 $21,780 $ 8,600 2,500 4,500 2,500 500 40 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calcula overhead rate. (Round your answer to 2 decimal places.) 5. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. Calcula amount of manufacturing overhead applied to Job E. (Do not round intermediate calculations.) . Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calcula otal manufacturing cost assigned to Job E. (Do not round intermediate calculations.) Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours and us Markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round interm alculations.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in epartments. What is the departmental predetermined overhead rate in the Molding department? (Round your answer to aces.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in oduction departments. What is the departmental predetermined overhead rate in the Assembly department? (Round you decimal places.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base

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