Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates:  Molding Assembly TotalEstimated total machine-hours (MHs) 3,000 7,000 10,000Estimated total fixed manufacturing overhead cost $ 12,000 $ 39,200 $ 51,200Estimated variable manufacturing overhead cost per MH $ 1.00 $ 2.00  During the period, the company started and completed two jobs--Job E and Job M. Data concerning those two jobs follow:  Job E Job MDirect materials $ 22,300 $ 8,200Direct labor cost $ 22,600 $ 9,100Molding machine-hours 1,250 1,750Assembly machine-hours 2,500 4,500Required:Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate.Note: Round your answer to 2 decimal places.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job E.Note: Do not round intermediate calculations.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job E.Note: Do not round intermediate calculations.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 E.Note: Do not round intermediate calculations.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 Molding department?Note: Round your answer to 2 decimal places.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 Assembly department?Note: Round your answer to 2 decimal places.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 E?Note: Do not round intermediate calculations.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 E.Note: Do not round intermediate calculations.

Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 50,000 machine-hours would be required for the period’s estimated level of production. It also estimated $910,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.80 per machine-hour.Because Delph has two manufacturing departments—Molding and Fabrication—it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates:  Molding Fabrication TotalMachine-hours 20,000 30,000 50,000Fixed manufacturing overhead cost $ 700,000 $ 210,000 $ 910,000Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.00  During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:Job D-70 Molding Fabrication TotalDirect materials cost $ 375,000 $ 325,000 $ 700,000Direct labor cost $ 200,000 $ 160,000 $ 360,000Machine-hours 14,000 6,000 20,000Job C-200 Molding Fabrication TotalDirect materials cost $ 300,000 $ 250,000 $ 550,000Direct labor cost $ 175,000 $ 225,000 $ 400,000Machine-hours 6,000 24,000 30,000Delph had no underapplied or overapplied manufacturing overhead during the year.Exercise 2-17 (Static) Part 2Required:2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.Compute the departmental predetermined overhead rates.Compute the total manufacturing cost assigned to Job D-70 and Job C-200.If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?What is Delph’s cost of goods sold for the year?

Estimated manufacturing overhead$450,000Estimated direct labor hours150,000Actual manufacturing overhead$405,000Actual direct labor hours180,000 Based on this information, the predetermined overhead rate per direct labor hour is $. (Enter your answer as a whole number.)

Use the following information to answer the next question:Estimated manufacturing overhead$520,000Estimated machine hours16,000Actual machine hours worked15,000Actual overhead costs incurred:  Indirect materials$180,000  Indirect labour$135,000  Utilities$ 40,000  Insurance$ 20,000  Rent$150,000If the company uses a predetermined overhead rate to apply overhead, manufacturing overhead applied would be:Question 2Select one:a.$487,500b.$520,000c.$525,000d.$554,667

Kelsh Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for next year: Direct materials $10,000Direct labour 30,000Sales commissions 40,000Salary of production supervisor 20,000Indirect materials 4,000Advertising expenses 8,000Rent on factory equipment 10,000Kelsh estimates that 5,000 direct labour hours and 10,000 machine hours will be worked during the year. What will be the predetermined overhead rate per hour?

A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit; Supervisory salaries: $60,000; Building rent: $80,000. If the company expects to produce 200,000 units using 100,000 hours of direct labor, the standard overhead rate will be $ per direct labor hour.