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2- You are quoting a job using productive hour costs. The PCH for the machining center is $120 per hour. The job required 100 hours and material for the job is $10,000. What is the cost of goods manufactured? $25,000$22,000$15,000 Cannot determine without the proper overhead rate for the factory. 3- When a firm quotes using productive hour costs, the productive hour cost of a machine includes the labor costs, all related overhead charges and material costs True False 4- You are quoting the first job of the new year. You estimate that the job will take 200 hours at $50 per hour gross labor costs and $2500 material for the entire lot of 10 parts. Your overhead rate is 175% of direct manufacturing labor. What is the cost of goods manufactured? Group of answer choices $8,750 $25,500 $30,000 $29,300