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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 Fixed manufacturing Variable manufacturing overhead cost per machine-hour 152,9ee $659,8ee $4.28 overhead cost Required: 1. Compute the plantwlde predetermined overhead rate. 2 During the year, Job 400 was started and completed. The following Information was avallable with respect to this Job: Direct material: Direct labor cost Machine-hours used $ 348 $ 268 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 Includes 50 unlts, what Is the unit product cost for this Job? 4. If Moody uses a markup percentage of 110%ofits 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 Required 2 Required 3 Required4 Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) rate per MH Required 2
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