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 159,000 Fixed manufacturing overhead cost $ 651,000 Variable manufacturing overhead cost per machine hour $ 4 40 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 $ 310 Direct labor cost $ 280 Machine hours used 37 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

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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 the following estimates  Machine hours required to support estimated production 159,000 Fixed manufacturing overhead cost $ 651,000 Variable manufacturing overhead cost per machine hour $ 4 40 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 $ 310 Direct labor cost $ 280 Machine hours used 37 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

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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

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Machine-hours required to support estimated production		159,000
Fixed manufacturing overhead cost	$	651,000
Variable manufacturing overhead cost per machine-hour	$	4.40


Direct materials	$	310
Direct labor cost	$	280
Machine-hours used		37