Please don't forget about requirement 2, thank you!

Alltime Industries manufactures custom-designed playground equipment for schools and city parks. Alltime expected to incur $533,000 of manufacturing overhead cost, 41,000 of direct labor hours, and $984,000 of direct labor cost during the year (the cost of direct labor is $24 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During February, Alltime completed Job 303. The job used 195 direct labor hours and required $12,700 of direct materials. The City of Forest Hills has contracted to purchase the playground equipment at a price of 23% 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. Predetermined overhead rate = = per hour X Requirements 1. Calculate the manufacturing cost of Job 303. 2. How much will the City of Forest Hills pay for this playground equipment? Print Done