Have Fun Industries manufactures custom-designed playground equipment for schools and city parks. Have Fun expected to incur $863,100 of manufacturing overhead cost, 41,100 of direct labor hours, and $1,315,200 of direct labor cost during the year (the cost of direct labor is $32 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During August, Have Fun completed Job 301. The job used 155 direct labor hours and required $15,400 of direct materials. The City of Southtown has contracted to purchase the playground equipment at a price of 25% over manufacturing cost Read the requirements. Requirement 1. Calculate the manufacturing cost of Job 301. First identify the formula, then calculate the predetermined overhead rate. Predetermined overhead rate IEstimated yearly direct labor hours Estimated yearly overhead costs 21 per hour 41,100 863,100 Calculate the manufacturing cost of Job 301. 15,400 Direct materials 4,960 Direct labor 3,255 Manufacturing overhead 23,615 Total job cost Requirement 2. How much will the City of Southtown pay for this playground equipment? (Round your answers to the nearest whole number.) Markup Total price to charge Total job cost 29518.75 5903.75 23615