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need it urgent Harnett Corporation has two manufacturing departments-Molding and Assembly, The company used the foliowing data ot the beginning of the period to calculate
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Harnett Corporation has two manufacturing departments-Molding and Assembly, The company used the foliowing data ot the beginning of the period to calculate prodetermined overhead rates: Duting the period, the company started and completed two jobs-Job E and Job M. Dasa concerning those two jobs follow: Required: a Assume that the company uses a plantwide predetermined manufacturing overhead rate bosed 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 basod on machine-hours. Calculate the amount of manufacturing overhead applied to Job E. (Do not round intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rate bosod on machine-hours, Calculate the total manufacturing cost assigned to Job E. (Do not round intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufocturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate calculations.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the aliocation base in both departments. What is the departmental predotermined overhead rate in the Molding department? (Round your answer to 2 decimal iaces.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both roduction departments. What is the departmental predetermined overhead rate in the Assembly department? (Round your answer to decimal places.j Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both oduction departments. How much manufacturing overhead will be applied to Job E? (Do not round intermediate calculations.) Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both oduction departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish seling prices. Iculgte the seling price for Job E. (Do not round intermediate calculations.) Step by Step Solution
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