Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $707,200 of manufacturing overhead cost, 41,600 of direct labor hours, and $1,580,800 of direct labor cost during the year (the cost of direct labor is $38 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During April, Love It completed Job 303. The job used 160 direct labor hours and required $15,100 of direct materials. The City of Hamptonville has contracted to purchase the playground equipment at a price of 22% over manufacturing cost. Read the requirements. Requirements 1. Calculate the manufacturing cost of Job 303. 2. How much will the City of Hamptonville pay for this playground equipment? verhead rate Requirement 1. Calculate the manufacturing cost of Job 303. First identify the formula, then calculate the predetermined overhead rate. [[]=Predeterminedoverheadrateperhour