Madole Corporation has two production departments, Forming and Customizing. The company uses a job- order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Forming 15,000 4,000 $128,300 $2.00 Customizin g 3,000 8,000 S50,000 $4.20 During the current month the company started and finished Job K973. The following data were recorded for this job: Customizin Job K973: Forming g Machine-hours 60 15 Direct labor-hours 10 50 Direct labor cost S 170 S 620 Direct materials used S 300 s 500 C E 1 Calculate POHR for the two departments 1 2 3 2 Calculate the total overhead applied to Job K973 in both departments. 4 5 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 3 Calculate the total manufacturing cost (ob cost) of Job K973 43 4 If there is a pricing policy of charging a mark-up plus of 60%, what is the price of this job