TB Problem Qu. 2-281 Harnett Corporation has two manufacturing ... 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: Fatimated total machine-hours (M ) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cont per MH Molding 4,000 $ 30,800 $ 1.00 Aanembly 6,000 42,000 $ 6.00 Total 10,000 $ 72,800 01:16:22 During the period, the company started and completed two jobs Job E and Job M. Data concerning those lo jobs follow Direet materials Direct labor cost Molding machine-hours Assembly machine-hours Job $13,700 $21,200 2.500 2.500 Job $8,000 $8,100 1.500 3,500 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based 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 based 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 based 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 manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish seling prices. Calculate the selling price for Job E. Do not round Intermediate calculations.) e Assume that the company uses departmental predetermined overhead tates with machine-hours as the location base in both departments. What is the departmental predetermined overhead rate in the Molding department (Round your answer to 2 decimal places.) L Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Assembly department Round your answer to 2 decimal places.) 9. Assume that the company uses departmental predetermined overhead rates with machine hours as the location base in both production departments. How much manufacturing overhead will be applied to Job 07 (Do not round Intermediate calculations) h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices Calculate the selling price for Job E. (Do not round intermediate calculations) perMH d. Predetermined overhead rate Manufacturing overhead applied Manufacturing cost Selling price Making predetermined overhead na Assembly predetermined overhead rate Manufacturing overhead applied job Selle price for job h
