Question: Please help me solve part C. Thank you! Gary was looking back at the profitability of a few jobs from the prior year, wondering if


Gary was looking back at the profitability of a few jobs from the prior year, wondering if more profit could have been generated. The executive team of this custom manufacturing shop tries to achieve gross margins near 50 for all of its projects Each completed job that Gary examined was prohtable when overhead costs were determined using the companv's actual costing sratem. Still since he didn't have those total job costs until the end of the year, he wondered if he could have bulit in a larger goss margin is he had been able to better estimate these total job costs sooner. Here is more detailed information on the three jobs Gary is reviewing: In this manufacturing company, MOH is applied based on direct labor costs. (a) Determine the gross margin amount and percentage for each job under its current actual costing system. (Round percentages to 2 decimal places, es. 52.75\%.) If Gary had used normal costing instead of actual costing, what would the gross margin amount and percentage have been for each job? Assume the same selling prices would have been charged, and assume a budgeted MOH rate of 57/DL doliar would have been used. (Round percentoges to 2 decimal places, eg. 52.75% ) eTextbook and Media Attempts: 1 of 2 used C) If Gary had used normal costing with a budgeted MOH rate of \$7/DL dollar as described in part (b) and char ged a selling price for each job at an amount where the company would generate 50% gross margin, what would the respective selling prices have been for each of these jobs? (Round percentages to 2 decimal ploces, es. 52.75% ) If Gary had used normal costing with a budgeted MOH rate of \$7/DL dollar as described in part (b) and charged a selling price for each job at an amount where the company would generate 50% gross margin, what would the respective selling prices have been for each of these jobs? (Round percentoges to 2 decimal places, eg. 52.75\%) Do these selling prices differ significantly from the selling prices actually used
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