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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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