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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 production157,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 4.30 $ 651,000 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead ate per MH 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitioned Direct labor cost Machine-hours used $350 $ 290 Compute the total manufacturing cost assigned to Job 400. (Do not round intermediate calculations and round final answer to 2 decimal places.) Total manufacturing cost
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