mead Rate d-ons Help See new changes Arial - 12 - BI VACO E EEE 3 4 5 6 7 Computing the Predetermined Overhead Rate Michigan Manufacturing Co. is currently operating at 50% of its available manufacturing capacity. It uses a job order costing system with a plant-wide predetermined overhead rate based on machine hours. At the beginning of the year, the company made the following estimates: Machine hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine hour 30,000 $3,960.000 $4.00 Required: 1. (5 points) Compute the plant-wide predetermined overhead rate. 2. (5 points) During the year, Job Y-20 was started and completed, and sold to the customer for $15,000. The following information was available with respect to this job. Direct Materials $2,300 Direct Labor $1,660 Machine Hours Used 144 Compute the total manufacturing cost assigned to Job Y-20, and determine the amount of the contribution margin. MacBook Pro COQ Search or type URL T