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Hulquist 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:
Hulquist 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: During the period, the company started and completed two jobs-Job C and Job L Data concerning those two jobs follow Requlred: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate (Round your onswer to 2 declmal ploces.) b Assume that the company uses a plannwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job L (Do not round intermedlate calculations.) c Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufactuning cost assigned to Job L (Do not round Intermedlate colculatlons.) d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20 s on manufacturing cost to establish selling prices. Calculate the selling price for Job L (Do not round intermedlate colculetions.) 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 onswer to 2 declmol pleces.) i. 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 onswer to 2 decimal pleces.) 9. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production deparments. How much manufacturing overhead will be applied to Job L'P (Do not round Intermedlete caleulatlons.)
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