3 6 Question 1 (1 point) General Electronics Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company manufactures tools to customer specifications. The following data pertain to Job 1602: Direct materials used..... $6,100 Direct labor-hours worked...... Direct labor rate per hour.... Machine-hours used.... Predetermined overhead rate per machine-hour............ 420 $5.00 200 $12.00 What is the total manufacturing cost recorded on Job 1602? A/ Plastic Solutions Company is to submit a bid on the production of 2,200 vases. It is estimated that the cost of materials will be $4,300, and the cost of direct labor will be $7,500. Factory overhead is applied at 30% of direct labor cost in the Molding Department and at $4.50 per direct labor hour in the Finishing Department. Of the above direct labor, it is estimated that 210 direct labor hours at a cost of $1,800 will be required in Finishing. The company wishes a markup of 100% of its total production cost. Determine the following: a. Estimated prime cost b. Estimated conversion cost. A P/ July 1 July 31 Materials $10,000 $ 22,000 Work in process ? 90,000 Finished goods 32,000 85,000 During July, the cost of materials purchased was $80,000 and factory overhead of $65,000 was applied at a rate of 80% of direct labor cost. July cost of goods sold was $120,000. Determine the following: a. Total Manufacturing Cost A/ b. Cost of Goods P Manufactured