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Moody Corporation uses a joborder costing system with a plantwide predetermined overhead rate based on machinehours. At the beginning ofthe year, the company made the
Moody Corporation uses a joborder costing system with a plantwide predetermined overhead rate based on machinehours. At the beginning ofthe year, the company made the following estimates: Machinehours required to support estimated production 151,860 Fixed manufacturing overhead cost $ 554,860 Variable manufacturing overhead cost per machinehour $ 4.50 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to thisjob: Direct materials 33 370 Direct labor cost $ 200 Machinehours used 39 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 60 units, what is the unit product cost for thisjob? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? 9 Answer is not complete. Complete this question by enten'ng your answers in tile tabs below. Required 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate. {Round your answer to 2 decimal places.) RequiredZ >
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