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I'm working on these problems right now, but I'm not to confident in my abilities. could I get an explanation and the answers for each
I'm working on these problems right now, but I'm not to confident in my abilities. could I get an explanation and the answers for each problem? I need to make sure I'm in the right direction. Thank you!
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. Compute the total manufacturing cost assigned to Job 400 . Note: Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer whole dollar. Compute the plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. 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 ? 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 ? Note: Round your intermediate calculations to the nearest whole number and final answer to 2 decimal placesStep by Step Solution
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