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 (7) Estimited total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per Forming Customiota 3,000 2,000 10,000 $16, $70410 $24,200 $ 3.00 $ 0.00 During the period, the company started and completed two Jobs Job C and Job L. Data concerning those two Jobs follow Direct materials Direct labor cost Forning Machine hours Customizing machine hours Job Job $14,908, $21,800,00 1,250 6,79 1.250 Required: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead cate (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 (Do not round Intermediate calculations.) Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. Calculate the Total manofacturing 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.) o Assume that the company uses departmental predetermined overheid 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.) 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 yote in the Customizing department (Round your answer to 2 decimal places C. Assume that the company uses a plantwide predetermined manutacturing overhead rate based on machine-nours. Calculate ine 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.) 1. 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.) 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.) 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 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job L (Do not round intermediate coleulations.) Der MH Predetermined ovechandra Manufacturing overhead applied Manufacturing cost d Seing price Forming predetermined overhead rate 1 Customizing predetermined overhead rate O Manufacturing overhead applied ODL Seling price for job por MH por MH
