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Question 19 Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 7,000 $39,900 $ 2.ee Assembly 3,000 $18,600 $ 4.00 Total 10,000 $58,500 During the period, the company started and completed two jobs--Job E and Job M. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Assembly machine-hours Job E JobM $21,600 $ 8,500 $21,700 $ 8, 600 2,500 4,500 2,500 500 Required: record all answers and calculations on your worksheet. a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate tha overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job E. (Do not round intermediate calculations.) Required: record all answers and calculations on your worksheet. a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturinghoverhead rate based on machine-hours. Calculate 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 based on machine-hours. Calculate total manufacturing cost assigned to Job E. (Do not round intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermed calculations.)