Hello, I am currently having trouble with solving this problem. This is a managerial accounting question, and I thank you for your time and help with this!

Exam Company uses job-order costing to estimate their costs and also set their prices. The following information is available: Estimated total budgeted overhead $400,000 Estimated total budgeted machine hours 20,000 Estimated total budgeted direct labor hours 30,000 Estimated budgeted direct labor costs $75,000 Exam is bidding on a job and has the following estimated information for that specific job: Direct Materials Needed $12,000 Direct Labor Costs Needed $2,000 Direct Labor Hours Needed 500 Machine Hours Needed 200 The company uses machine hours to allocate overhead., Required Answers Calculate the following amounts: Questions Calculate the overhead rate Calculate the amount of overhead costs allocated to this specific job Calculate the total costs of this specific job Calculate the selling price of the specific job assuming that Porter adds 20% to the total cost of the job Calculations