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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 year, the company made
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 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: Direct materials Direct labor cost Machine-hours used $ 370 $ 240 34 159,000 $ 659,000 $ 4.40 Complete this question by entering your answers in the tabs below. Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 50 units, what is its unit product cost? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it establish for Job 400? $ 4 Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 110% 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 places. Selling price per unit 37.80
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