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Awesome Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it is estimated
Awesome Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it is estimated that 154,000 machine-hours are required to support the estimated production. Furthermore, the following overhead cost estimates were also made at the beginning of the year: - Variable manufacturing overhead cost: $4.90 per machine-hours - Fixed manufacturing overhead cost: $653,000 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job BA212 was started and completed. The following information was available with respect to this job: Compute the total manufacturing cost assigned to Job BA212. 3. If Job BA212 includes 60 units, what is the unit product cost for this job? 4. If Awesome Corporation uses a markup percentage of 120% of its total manufacturing cost, then what selling price would it have established for Job BA212? Complete this question by entering your answers in the tabs below. Compute the plantwide predetermined overhead rate (POHR). (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the total manufacturing cost assigned to Job BA212. (Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. If Job BA212 includes 60 units, what is the unit product cost for this job? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. If Awesome Corporation uses a markup percentage of 120% of its total manufacturing cost, then what selling price would it have established for Job BA212? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
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