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 $159,000$

Fixed manufacturing overhead cost $$55,000$

Variable manufacturing overhead cost per machine$-$hour $$4\mathrm{.}20$

Machine$-$hours required to support estimated production

Fixed manufacturing overhead cost

Variable manufacturing overhead cost per machine$-$hour

$159,000$

$$655,000$

$$4\mathrm{.}20$

Required:

Compute the plantwide predetermined overhead rate.

During the year, Job $400$ was started and completed. The following information pertains to this job:

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