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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 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 ploces.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours Calculate the amoury of manufacturing ovethead applied to Jobl. (Do not round intermediate colculations.) c. Assume that the company uses a plantwide predeteimined manufacturing overhead rate based on mochine.hours Calcuthte the total manufacturing cost assigned to Job L (Do not round intermediete colculations.) d. Assume that the company uses a plantwide predetemined manufocturing overhead rate based on machine-hours and usel a makcup of bons on imanufacturing cost to establish seling prices. Calculate the setlus price for Job L (Do not round intermediete colculetions.) 2 Assume that the company uses departmental predetermined overhead rates with machine-houts as the allocation base in both departments. What is the departmental pedetermined overhead rate in the Forming department? (Round your answer to 2 decimel pleces.) 1. Assume that the compary uses departmental predefermined oveihead rates with machanehours as the allocation base in both. production departments. What is the departmental predelermined overhead rate in the Customizing departrient? (Round your answer to 2 decimal pleces.) 9 Assume that the compary uses departmental predetermined overhead rates with machire hovi as the allocation base in both production departments How much manufacturing oveihead wil be applied to Job l? (Do not round intermediete calculations) if Assume that the compary uses departmental predetermared oveitead rates with machine hours as the allocation base in both production departments. Further assume that the company uses a markup of 80 on on mariufacfuring cost to estabish seling prices. Calculate the seting price for Jobl (Do not round intermediete colculations.) \begin{tabular}{|l|l|} \hline a. & Predetermined overhead rate \\ \hline b. & Manufacturing overhead applied \\ \hline c. & Manufacturing cost \\ \hline d. & Selling price \\ \hline e. & Forming predetermined overhead rate \\ \hline f. & Customizing predetermined overhead rate \\ \hline g. & Manufacturing overhead applied job L \\ \hline h. & Selling price for job L \\ \hline \end{tabular}

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