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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 | 154,000 | |
Fixed manufacturing overhead cost | $ | 655,000 |
Variable manufacturing overhead cost per machine-hour | $ | 4.20 |
Direct materials | $ | 320 |
Direct labor cost | $ | 250 |
Machine-hours used | 33 | |
1. What is the predetermined overhead rate?
2. What is the total manufacturing cost?
3. What is the unit product cost? (to the nearest whole dollar)
4. What is the selling price per unit? ( to the nearest whole dollar)
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