Exercise $2-9($Algo$)$ Job$-$Order Costing and Decision Making $[$LO$2-1,$ LO$2-2,$ LO$2-3]$

Taveras Corporation is currently operating at $50\%$ of its available manufacturing capacity. It 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:

Machine$-$hours required to support estimated production

Fixed manufacturing overhead cost

Variable manufacturing overhead cost per machine$-$hour

$240,000$

$$4,320,000$

$$2\mathrm{.}00$

Required:

Compute the plantwide predetermined overhead rate.

During the year, Job P$90$ was started, completed, and sold to the customer for $$4,000.$ The following information was available with

respect to this job:

Direct materials

Direct labor cost

Machine$-$hours used

Compute the total manufacturing cost assigned to Job P$90.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Compute the total manufacturing cost assigned to Job P$90.$