Q4: Predetermined overhead rate: costing an individual job Tony's Tables makes high-end, custom boardroom tables. The company applies overhead costs to jobs on the basis of direct labor hours. Before the year, the company estimated its manufacturing overhead to be $250,000, and budgeted its direct labor workforce to work for 20,000 hours during the year. Job \#1843 shows the following cost information: - Walnut: 300 board feet used at a cost of $15 per board foot. - Labor: 240 hours at a cost of \$20 per hour. Required: a.) Compute the cost of the job. b.) Assuming the company marks up their price to by three times the cost, what will the company charge its customer for the table
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