Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $863, 100 of manufacturing overhead cost, 41,100 of direct labor hours, and $822,000 of direct labor cost during the year (the cost of direct labor is $20 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Love It completed Job 308. The job used 160 direct labor hours and required $13,300 of direct materials. The City of Jonestown has contracted to purchase the playground equipment at a price of 21% over manufacturing cost. Read the fesuirement = Predetermined overhead rate 21 per hour Requirement 1. Calculate the manufacturing cost of Job 308. First identify the formula, then calculate the predetermined overhead rate. Estimated yearly overhead costs Estimated yearly direct labor hours 863,100 41,100 Calculate the manufacturing cost of Job 308 Direct labor Manufacturing overhead Direct materials 13300 Totaljob cost sules i Requirements 1. Calculate the manufacturing cost of Job 308. 2. How much will the City of Jonestown pay for this playground equipment? Print Done