Mastery Exercises Help Save & Exit Check n TB Problem Qu. 2-281 Harnett Corporation has two manufacturing .. Harnett Corporation has two manufacturing departments-Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Molding Assembly Total 1,000 10,000 62,100 $7,800 69, 900 Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 9,000 2.50 $5.00 During the period, the company started and completed two jobs-Job E and Job M. Data concerning those two jobs follow Job E Jab M $21,200 $7,-300 $23,500 s8,400 2,500 6,500 500 500 Direct materials Direct labor cost Molding machine-hours Assembly machine-hours 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 places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the