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The following information relates to a company that has two manufacturing departments. The company used the following data at the beginning of the period to

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The following information relates to a company that has two manufacturing departments. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (RS) Estrated total tied manufacturing overhead coat Estimated variable manufacturing overhead cont per Dept, 4,000 $20.400 $ 3.00 Dept. 6,000 $39,800 $6.00 Total 10,000 $58,200 During the period, the company started and completed two jobs-Job A and Job B. Data concerning those two jobs follow: Direct materials Direct labor coat Molding machine-hours Musembly machine-hours Job Job $13,700 $0,000 $21,200 $9,100 2,500 1,500 2,500 3.500 Required: 1. Assume the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. a. Calculate the overhead rate. (Round your answer to 2 decimal places.) b. Calculate the amount of manufacturing overhead applied to Job A (Do not round Intermediate calculations.) c. Calculate the total manufacturing cost assigned to Job A (Do not round Intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices Calculate the selling price for Job A. (Do not round Intermediate calculations.) 2. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places.) b. Calculate the departmental predetermined overhead rate for Dept. Y. (Round your answer to 2 decimal places.) Calculate the total manufacturing overhead applied to Job A. (Do not round Intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do the selling 37 per MH 1a. Plantwide predetermined overhead rate 16. Manufacturing overhead applied to Job A 10. Total manufacturing cost of JobA 1d. Selling price of Job A 2a. Dept. X predetermined overhead rate 2b. Dept. Y predetermined overhead rate 20. Manufacturing overhead applied to Job A 2d Selling price of Job A per MH per MH 3. Do you recommend the company use a plantwide rate or departmental rates to apply overhead? Why

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