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answer all Module M2b - CP3 Homework Problem: Computing Predetermined Overhead Rates, Job Costs, and COGS Tancredi Corporation has two manufacturing departments-Machining and Customizing. The
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Module M2b - CP3 Homework Problem: Computing Predetermined Overhead Rates, Job Costs, and COGS Tancredi Corporation has two manufacturing departments-Machining and Customizing. The company used the following data at the beginning the year to caiculate predetermined overhead rates: During the most recent month, the company started and completed two jobs-Job E and Job J. There were no beginning inventonies. Data concerning those two jobs follow. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Required: 1.) Compute the plantwide predetermined overhead rate. 2.) Compute the amount of manufacturing overhead applied to Job E and Job J. (Round your intermediate calculations to 2 decimal places.) 3.) Compute the total manufacturing cost assigned to Job E and Job J. (Round your intermediate calculations to 2 decimal places.) 4.) If both jobs are sold during the month, compute the company's cost of goods sold for the month. (Round your intermediate calculations to 2 decimal places.) *Please clearly show your work for each requirement by number in the space below and on the next page Step by Step Solution
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