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Hultquist Corporation has two manufacturing departments - - Forming and Customizing. The company used the following data at the beginning of the period to calculate

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:
Estimated total machine-hours (MHs)
Estimated total fixed manufacturing overhead cost
Estimated variable manufacturing overhead cost per MH
Total
During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow:
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 80% 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.)
h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both
production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.
Calculate the selling price for Job L.(Do not round intermediate calculations.)
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