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ces Moody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company
ces Moody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine-hours required to support estimated production Fixed manufacturing overhead cost 100,000 $650,000 Variable manufacturing overhead cost per machine-hour $ 3.00 Required: 1. Compute the predetermined overhead rete. (Round your answer to 2 decimal places.) Predetermined overheed per MH 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitioned 450 $ Direct labor cost $210 Machine-hours used 40 Compute the total manufacturing cost assigned to Job 400 (Round your Intermediate calculations to 2 decimal places.) Total manufacturing cost 3- During the year, the company worked a total of 146,000 machine-hours on all jobs a. and incurred actual manufacturing overhead costs of $1,350,000. What is the amount of underapplied or overapplied overhead for the year? (Round your Intermediate calculations to 2 decimal places.)
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