Pearson MyLab and Master X Course Home C X P Test #1 mathxl.com/Student/PlayerTest.aspx?testid=238556447¢erwin=yes Update BA213- Managerial Accounting - ONLINE -10338 - Winter 2022+* eva ondongo 02/06/22 12:36 PM Test: Test #1 Question 4 of 15 This test: 100 point(s) possible This question: 8 point(s) possible Submit test All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $828,000 of manufacturing overhead cost, 41,400 of direct labor hours, and $910,800 of direct labor cost during the year (the cost of direct labor is $22 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During May, All Wood completed Job 303. The job used 160 direct labor hours and required $13,300 of direct materials. The City of Southtown has contracted to purchase the playground equipment at a price of 24% over manufacturing cost. Read the requirements. Requirement 1. Calculate the manufacturing cost of Job 303. First identify the formula, then calculate the predetermined overhead rate. Estimated yearly overhead costs + Estimated yearly direct labor hours v = Predetermined overhead rate 828000 41400 20 per hour Calculate the manufacturing cost of Job 303. Direct materials 13300 Direct labor Manufacturing overhead Total job cost Requirement 2. How much will the City of Southtown pay for this playground equipment? (Round your answers to the nearest whole number.) 11 Total price to charge Time Remaining: 02:25:30 Next MacBook Pro