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Moody Corporation uses a job - order costing system with a plantwide predetermined overhead rate based on machine - hours. At the beginning of the

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:
Compute the plantwide predetermined overhead rate.
During the year, Job 400 was started and completed. The following information pertains to this job:
Direct materials
Direct labor cost
Machine-hours used
$330
$240
36
Compute the total manufacturing cost assigned to Job 400.
If Job 400 includes 50 units, what is its unit product cost?
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?
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