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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: FormingCustomizingTotalEstimated total machine-hours (MHs)2,0008,00010,000Estimated total fixed manufacturing overhead cost$6,400$20,800$27,200Estimated variable manufacturing overhead cost per MH$1.50$3.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job CJob LDirect materials$13,900$7,800Direct labor cost$21,000$7,800Forming machine-hours 1,250750Customizing machine-hours 1,2506,750 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.)

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