Kluth corporation has two manufacturing departments; molding and customizing. the company used the following data at the beginning of the year to calculate predetermined overhead rates: molding customizing totalestimated total machine-hours (mhs) 7,000 3,800 10,800estimated total fixed manufacturing- overhead cost $18,200 $7,600 $25,800estimated variable manufacturing- overhead cost per mh $1.50 $5.00 during the most recent month, the company started and completed two jobs--job c and job m. there were no beginning inventories. data concerning those two jobs follow: job c job mdirect materials $16,900 $10,300direct labor cost $23,600 $10,600molding machine-hours 1,250 5,750customizing machine-hours 3,300 500required: 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 prices for job c and for job m.