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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	Total
Estimated total machine-hours (MHs)	3,000	7,000	10,000
Estimated total fixed manufacturing overhead cost	$ 12,000	$ 39,200	$ 51,200
Estimated 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 M
Direct materials	$ 22,300	$ 8,200
Direct labor cost	$ 22,600	$ 9,100
Molding machine-hours	1,250	1,750
Assembly machine-hours	2,500	4,500

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 E. (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 E. (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 E. (Do not round intermediate calculations.)

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