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 150,000

Fixed manufacturing overhead cost$659,000

Variable manufacturing overhead cost per machine-hour$4.30

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 this job:

Direct materials $370

Direct labor cost$300

Machine-hours used 31

Compute the total manufacturing cost assigned to Job 400.

3. If Job 400 includes 60 units, what is the unit product cost for this job?

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?

Complete this question by entering your answers in the tabs below.

Required 1

Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.)

Predetermined overhead rate?Per Mh

Required 2

Compute the total manufacturing cost assigned to Job 400. (Round your intermediate calculations to 2 decimal places and your final answer to the nearest dollar amount.

Total manufacturing cost?

Required 3

If Job 400 includes 60 units, what is the unit product cost for this job? (Round your answer to the nearest whole dollar.

Unit product cost?

Required 4

Selling price per unit?