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Exercise 2-14 (Algo) 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

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Exercise 2-14 (Algo) 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: Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information pertains to this job: Compute the total manufacturing cost assigned to Job 400 . 3. If Job 400 includes 60 units, what is its unit product cost? 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it establish for Job 400 ? Complete this question by entering your answers in the tabs below. Compute the plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the total manufacturing cost assigned to Job 400 . Note: Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer to the nearest whole dollar. If Job 400 includes 60 units, what is its unit product cost? Note: Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places. Complete this question by entering your answers in the tabs below. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it establish for ] ob 400 ? Note: Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places

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