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Hello all, could someone please help me answer this question? Thank you in advance! Find the Predetermined overhead rate Find the Total manufacturing cost Find
Hello all, could someone please help me answer this question? Thank you in advance!
Find the Predetermined overhead rate
Find the Total manufacturing cost
Find the total Unit product cost
Find the Selling price per unit
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 estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 160,000 $ 657,000 $ 4.60 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: Direct materials Direct labor cost Machine-hours used $ 310 $ 300 36 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 400Step by Step Solution
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