Park Industries manufactures custom-designed playground equipment for schools and city parks. Park expected to incur $784,700 of manufacturing overhead cost, 41,300 of direct labor hours, and $1,073,800 of direct labor cost during the year (the cost of direct labor is $26 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During August, Park completed Job 306. The job used 165 direct labor hours and required $12,700 of direct materials. The City of Jonestown has contracted to purchase the playground equipment at a price of 27% over manufacturing cost. Read the requirements Requirement 1. Calculate the manufacturing cost of Job 306 First identify the formulathen calculate the predetermined overhead rate. Estimated yearly overhead costs Estimated yearly direct labor hours - Predetermined overhead rate per hour