Moody Corporation uses a job order costing system with a plantwide 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 152,000 Fixed manufacturing overhead cost $ 656,000 Variable manufacturing overhead cost per machine hour $ 4 40 Required 1 Compute the predetermined overhead rate (Do not round intermediate calculations Round your answer to 2 decimal places ) 2 During the year, Job 400 was started and completed The following information was available with respect to this job Direct materials requisitioned $ 300 Direct labor cost $ 290 Machine hours used 32 Compute the total manufacturing cost assigned to Job 400 (Do not round intermediate calculations and round final answer to 2 decimal places ) 3 a During the year the company worked a total of 145,900 machine hours on all jobs and incurred actual manufacturing overhead costs of $1,276,748 What is the amount of underapplied or overapplied overhead for the year (Use the overhead rate determined in requirement 1 )

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

Moody Corporation uses a job-order costing system with a plantwide 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		152,000
Fixed manufacturing overhead cost	$	656,000
Variable manufacturing overhead cost per machine-hour	$	4.40

Required:

Compute the predetermined overhead rate.(Do not round intermediate calculations. Round your answer to 2 decimal places.)

2.	During the year, Job 400 was started and completed. The following information was available with respect to this job:


Direct materials requisitioned	$	300
Direct labor cost	$	290
Machine-hours used		32

Compute the total manufacturing cost assigned to Job 400.(Do not round intermediate calculations and round final answer to 2 decimal places.)

3-a.	During the year the company worked a total of 145,900 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,276,748. What is the amount of underapplied or overapplied overhead for the year?(Use the overhead rate determined in requirement 1.)