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Exercise 2-3 (Algo) Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is
Exercise 2-3 (Algo) Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $11.00 per hour. The following information pertains to Job A.500: Required: 1. What is the total manufacturing cost assigned to Job A.500? 2. If Job A-500 consists of 40 units. What is the unit product cost for this job? (Round your answer to 2 decimal places.) Exercise 2-12 (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 was avaliable with respect to this job: Compute the total manufacturing cost assigned to Job 400 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cont, then what seling price per unit would it have established for Job 400 ? Complete this question by entering your answers in the tabs below. Compute the plantwide predetermined overbead rate, (Round your answer to z decimal places) 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have for Job 400 ? Complete this question by entering your answers in the tabs below. 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.) Compute the total manufacturing cost assigned to Job 400 . 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have for Job 400 ? Complete this question by entering your answers in the tabs below. If Job 400 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations and final answer to 2 decimal places.) 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 Compute the total manufacturing cost assigned to Job 400 . 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it ha for Job 400 ? Complete this question by entering your answers in the tabs below. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what seling price per unit would it have estabilshed for Job 400 ? (Round your intermediate calculations and final answer to 2 decimal places.)
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