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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:
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.
Note: 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.
Note: 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.
Note: 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.
Note: 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?
Note: 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?
Note: 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?
Note: 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 debartments. Further assume that the combanv uses a markun of 20% on manufacturina cost to establish sellina brices.
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