the year to calculate predetermined overhead rates: Estimated total machine-hours used (MHS) Estimated total fixed manufacturing overhead Estimated variable MOH per machine-hour Machining Finishing Total 6,000 4,000 10,000 $ 30,000$ 11,200 $ 41,200 $ 2.00 S 2.40 Job F Job K $ 13,400S 9,100 $ 24,500 $ 7,000 Price markup: Job F Job K 40% 40% Direct materials Direct labor cost Actual machine-hours used: Machining Finishing Total 4,100 1,600 5,700 1,900 2,400 4,300 Assume that the company uses plantwide predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses the markup shown above on manufacturing cost to establish selling prices. 1 Determine the plantwide predetermined overhead rate. MOH: Machining Finishing Total Fixed MOH Est. 30.000 1.200 1.2 Variable MOH Est. 2.00 Total MOH Est. Allocation base PDOR 2.40 4.40 PDOR Actual Activity 2 Determine the MOH applied to each product. Job F PDOR Actual Activity Job K Machining Machining Finishing Finishing Total MOHA Total MOHA Total 3 Determine the total cost for each product. Job F Job K Direct materials Direct labor cost Total MOHA Total Manuf. Cost Job K 4 Determine the selling price. Job F Total Manuf. Cost Price markup