Exercise $2-9($Static$)$ 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 $165,000$

Fixed manufacturing overhead cost $ $1,980,000$

Variable manufacturing overhead cost per machine$-$hour $ $2\mathrm{.}00$

Required:

$1.$ Compute the plantwide predetermined overhead rate.

$2.$ During the year, Job P$90$ was started, completed, and sold to the customer for $$2,500.$ The following information was available with respect to this job:

Direct materials $ $1,150$

Direct labor cost $ $830$

Machine$-$hours used $72$

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