Hultquist Corporation has two manufacturing departments--FormIng and Customizing. The company used the following...
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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: izing4,0009,6005.00 During the perlod, the company started and completed two Jobs--Job C and Job L. Data concerning those two Jobs follow: Required: a. 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. 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. Note: Do not round Intermedlate 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. Note: Do not round Intermedlate calculations. d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. Note: Do not round Intermedlate 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? Note: 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? Note: 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? Note: Do not round Intermedlate 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 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. Note: Do not round Intermedlate calculations
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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: izing4,0009,6005.00 During the perlod, the company started and completed two Jobs--Job C and Job L. Data concerning those two Jobs follow: Required: a. 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. 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. Note: Do not round Intermedlate 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. Note: Do not round Intermedlate calculations. d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. Note: Do not round Intermedlate 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? Note: 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? Note: 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? Note: Do not round Intermedlate 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 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. Note: Do not round Intermedlate calculations 