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Chapter 2 Homework #2 0 Help 3 Exercise 2.12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, L02-2, LO23] Moody Corporation uses a job-order costing
Chapter 2 Homework #2 0 Help 3 Exercise 2.12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, L02-2, LO23] Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: 2.8 points Scipped 151,000 656, 000 $4.20 Machine-hours required to support estinated production Fixed manufacturing overhoad eo t Variable manufacturing overhead cost per machine-hour Required: 1 Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materiais Direet labor cost Machine-hours used 380 s 260 39 Compute the total manufacturing cost assigned to Job 400. Roferences 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Required 4 Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) per MH equired 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3Required 4 Compute the total manufacturing cost assigned to Job 400. (Round your intermediate calculations to 2 decimal places and your final answer to the nearest dollar amount.) al manufacturing cost Required 1 Required 3> Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3Required 4 If Job 400 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations and final answer to the nearest whole dollar.) product cost Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations and final answer to the nearest whole dollar.) elling price per unit Required 3 Required 4
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