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 158,000 Fixed manufacturing overhead cost $ 657,000 Variable manufacturing overhead cost per machine-hour $ 4.90 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year, Job 400 was started and completed. The following information was available with respect to this job:

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		158,000
Fixed manufacturing overhead cost	$	657,000
Variable manufacturing overhead cost per machine-hour	$	4.90

Required:

1.	Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2.	During the year, Job 400 was started and completed. The following information was available with respect to this job: