Help Save & Saved Enabled: Midterm i 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: Forming Customizing Total 6, 000 4, 000 10, 000 Estimated total machine-hours (MHS) $12, 600 $10, 800 $23, 400 Estimated total fixed manufacturing overhead cost $ 2.50 $ 5.00 Estimated variable manufacturing overhead cost per MH During the period, the company started and completed two jobs-Job C and Job L. Data concerning those two jobs follow: Job C Job L Direct materials $13, 700 $7, 700 Direct labor cost $20, 800 $7, 600 Forming machine-hours 2, 500 3,500 Customizing machine-hours 2, 500 1,500 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 L. (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 L. (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 L. (Do not round intermediate calculations.) 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 rate in the Forming department? (Round your answer to 2 decimal places.) f. 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 Customizing 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 L? (Do not round intermediate calculations.) a. Predetermined overhead rate S 2.34 per MH b. Manufacturing overhead applied C. Manufacturing cost d . Selling price