Exercise 2-12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3] 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: Machine-hours required to support estinated production Fixed sanufacturing overhead cost Variable manufacturing overhead cost per machine-hour 155,000 652,eee $5.88 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the yeat, Job 400 was started and completed. The foltowing information was available with respect to this job: Direct materials Direct 1abor cost Machine hours used 370 s230 39 Compute the total manufacturing cost assigned to Job 400 3. If Job 400 includes 60 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