Miami Manufacturing Company is currently operating at 50% of its available manufacturing capacity. It uses a job order costing system with a plant-wide predetermined overhead rate based on machine hours. At the beginning of the year, the company made the following estimates:

Machine hours required to support estimated production. $ 30,000

Fixed manufacturing overhead costs. $3,960,000 Variable manufacturing overhead cost per machine hour $4.00

Required: 1.(5 pts) Compute the plant-wide predetermined overhead rate.

2. (5 pts.) During the year, Job X-15 was started completed, and sold to the customer for $15,000. The following information was available with respect to this job:

Direct Materials. $2300

Direct Labor $1660

Machine Hours Used 144

Compute the total manufacturing cost assigned to Job X-15.