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Moody Corporation uses a job-order costing system with a plantwide 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 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 overhead cost Variable manufacturing overhead cost per machine-hour 154,000 $659,000 4.40 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitionedS350 Direct labor cost Machine-hours used $ 290 31 Compute the total manufacturing cost assigned to Job 400. (Do not round intermediate calculations and round final answer to 2 decimal places.) otal manufacturing cost
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