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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 predetermined overhead rates:

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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 predetermined overhead rates: During the period, the compony 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. Caiculate 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 predetemined manufacturing overheod rate based on machine-hours, Calculate the total manufocturing cost assigned to Job L. (Do not round intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufacturing ovifhead rate based on machine hours and uses a markup of 20% on manufocturing 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 departmtental predetermined overhead rate in the Forming department? (Round your answer to 2 decimal places.) f. Assume that the company uses deportmental predetermined overhend 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.) 9. 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.) \begin{tabular}{|l|l|l|l|} \hline a. & Predetarmined cverhead rate & per MH \\ \hline b. & Manufacturing overhead applied & & \\ \hline c. & Manufacturing cost & & \\ \hline d. & Selling price & & per MH \\ \hline c. & Foming predetermined overhead rate & & per MH \\ \hline t. & Customizing predetermined overhead rate & & \\ \hline 9. & Manutacturing overhead applied job L & & \\ \hline \end{tabular} Assessment Tool iframe

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