TB Problem Qu$.2-277$ Hultquist Corporation has two manufacturing $...$

Hultquist Corporation has two manufacturing departments$--$Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates:

Forming Customizing Total

Estimated total machine$-$hours $($MHs$)3,0007,00010,000$

Estimated total fixed manufacturing overhead cost $ $10,800$ $ $15,400$ $ $26,200$

Estimated variable manufacturing overhead cost per MH $ $1\mathrm{.}00$ $ $2\mathrm{.}00$

During the period, the company started and completed two jobs$--$Job C and Job L$.$ Data concerning those two jobs follow:

Job C Job L

Direct materials $ $15,800$ $ $9,300$

Direct labor cost $ $22,600$ $ $9,500$

Forming machine$-$hours $2,500500$

Customizing machine$-$hours $2,5004,500$

Required:

a$.$ Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine$-$hours. Calculate that overhead rate. $($Round your answer to $2$ decimal places.$)$

b$.$ Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine$-$hours. Calculate the amount of manufacturing overhead applied to Job L$.($Do not round intermediate calculations.$)$

c$.$ Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine$-$hours. Calculate the total manufacturing cost assigned to Job L$.($Do not round intermediate calculations.$)$

d$.$ Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine$-$hours and uses a markup of $20\%$ on manufacturing cost to establish selling prices. Calculate the selling price for Job L$.($Do not round intermediate calculations.$)$

e$.$ Assume that the company uses departmental predetermined overhead rates with machine$-$hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Forming department? $($Round your answer to $2$ decimal places.$)$

f$.$ Assume that the company uses departmental predetermined overhead rates with machine$-$hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Customizing department? $($Round your answer to $2$ decimal places.$)$

g$.$ Assume that the company uses departmental predetermined overhead rates with machine$-$hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job L$?($Do not round intermediate calculations.$)$

h$.$ Assume that the company uses departmental predetermined overhead rates with machine$-$hours as the allocation base in both production departments. Further assume that the company uses a markup of $20\%$ on manufacturing cost to establish selling prices. Calculate the selling price for Job L$.($Do not round intermediate calculations.$)\backslash$table$[[,,],[$a$.,$Predetermined overhead rate,,per MH$],[$b$.,$Manufacturing overhead applied,,$],[$c$.,$Manufacturing cost,,$],[$d$.,$Selling price,,per MH$],[$e$.,$Forming predetermined overhead rate,,per MH$],[$f$.,$Customizing predetermined overhead rate,,$],[$g$.,$Manufacturing overhead applied job L$,,],[$h$.,$Selling price for job L$,,]]$