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Exercise 3-9 (Static) Job-Order Costing and Decision Making [LO3-1, LO3-2, LO3-3] Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses
Exercise 3-9 (Static) Job-Order Costing and Decision Making [LO3-1, LO3-2, LO3-3] Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses ajoborder costing system with a plantwide predetermined overhead rate based on machinehours. At the beginning of the year, the company made the following estimates: Machinehours required to support estimated production 165,666 Fixed manufacturing overhead cost $ 1,986,666 Variable manufacturing overhead cost per machinehour $ 2.66 l Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $2,500. The following information was available with respect to this job: Direct materials $ 1,156 Direct labor cost $ 836 Machinehours used 72 Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. Required 1 Required 2 During the year, Job P90 was started, completed and sold to the customer for $2,500. Compute the total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost
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