has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined the following estimates overthead rate is based on direct labor-hours. At the begining of the current year, the company had made CastingCustomizing 12,000 3,000 $51,600 $ 1.40 Machine-hours Direct labor-hours 17,000 7,000 30,800 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct $ 3.90 labor-hour The estimated total manufacturing overhead for the Customizing Department is closest to: Multiple Choice $63,300 $27,300 $58100 $30.800 Hultquist Corporation has two manufacturing departments-Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates zing Total 3,000 10,000 Estinated total nachine-hours (MRs) Estimated total fixed nanufacturing overhead cost Estimated variable manufacturing overhead cost per Mt 7,000 14,700 8,100 $22, 800 s 2.00 4.00 During the period, he company started and completed two jobs-Job Cand Job L. Data concerning those two jobs folow: Direct materialts Direct labor cost Forning nachine-hours Customizing nachine-hours $14,800 $8,500 21,700 $8,600 2500 ,500 2,500500 Required: ny uses a plantwide predetermined manufacturing overheed rate based on machine-hours. Calculate that overhead rete. (Round your answer to 2 decimal places.) b. Assume that the c amount of manufacturing overheilantwide predetermined manufacturing overhead rate based on machine-hours. Calculote the d applied to Job L. (Do not round intermediate calculations) C Assume that the company uses a plant wide predetermine total manufacturing cost assigned to Job L. (Do not round intermediate calculations.) d manufacturing overhead rate based on thet 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 L (Do not round intermediate calculations. uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Forming department? (Round your answer to 2 decimal places.) t Assume thet the company uses departm production depart to 2 decimal places) g. Assume thet the company uses departmental predetermined overhead rates with machine-hours as production departments. How much manufacturing h. Assume thet the company uses overhead rates production departments. Further assume that the company Calculate the selling price for Job L. (Do not round intermediate calculations.) ental predetermined overhead rotes with machine-hours as the allocation base in both tments. What is the departmental predetermined overhead rate in the Customizing department? (Round your answer overhead will be applied to Job L? (Do not round intermediate calculations) tmental predetermined overhead rates with machine-hours as the allocation base in both uses a markup of 20% on manufacturing cost to establish seling prices. production departments. How much manufacturing overhead will be applied to Job L? (Do not round intermediat h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocat production departments. Further assume that the company uses a markup of 2 Calculate the selling price for Job L. (Do not round intermediate calculations.) 0% on manufacturing cost to estab a. Predetermined overhead rate per MH b. Manufacturing overhead applied c. Manufacturing cost d. Seling price e. Forming predetermined overhead rate . Customizing predetermined overhead rate per MH per MH Manufacturing overhead applied job L g h. Selling price for job L