Question
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
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 154,000 565,000 4.50 Required: 1. Compute the plantwide predetermined overhead rate. ences 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor fost, Machine hours used $ 260 Compute the total manufacturing cost assigned to Job 400 3. If Job 400 includes 50 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 400? Complete this question by entering your answers in the tabs below. Required 4 If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have i
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