Page 3 of 3 728 words 2-12 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 overhead cost 100,000 $650,000 Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 950,000/100,000 $9.50 $3.00 During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials $450 Direct labor cost $210 Machine-hours used 40 2. Compute the total manufacturing cost assigned to Job 400. Total manufacturing costs 450+ 210+ 380 = $1,040 3. If Job 400 includes 52 hits, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? 5. If Moody hired you as a consultant to critique its pricing methodology, what would you say? 113