QUESTION 1 Question one (points) Moody Corporation as a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the yea, the company made the following en Machine-hours required to support estimated production 100,000 Fixed manufacturing overhead cost 5650,000 Variable manufacturing overhead cost per machine-bour 56.00 Required: 1. Compute the 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 $450 Direct labor cost 5220 Machine-hours used 40 Compute the total manufacturing cost assigned to Job 400 For the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac). I XE I gs Paragraph Av 14px Arial !!! 2 and Submit to save and submit. Click Save All Answers to save all answers. Question three: (5 points) The following data from the just completed year are taken from the accounting records of Mason Company: Sales $262,000 Direct labor cost $35,000 Raw material purchases $59,000 Selling expenses $70,000 Administrative expenses. $31,500 Manufacturing overhead applied to work in process $45,000 Actual manufacturing overhead costs... $40,000 Inventories Beginning of Year End of Year Raw materials $3,500 $7,500 Work in process $5,000 $2,500 Finished goods .$10,000 $17.500 Required: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I y S Paragraph Arial 14px > QUESTION 2 ian) The Plans Codercoming The following data relate to October, the first month of the company's fiscal year Raw materials and account. $420,000 Rowdopodotio, 5550.000 (5356,000 direct materials and 524,000 indirect materials) t. Duet labor cost $110.000 donc labor cost incurred for production, $220,000 4. Depec cordel fest 580,000 Oh mering whead cos incurred during October, $140,000 (credit Accounts Payable) The company appling rehead cost to production on the basis of 58 per machine hou. A total of 60,000 machine-hours were recorded for October Productie onder conting $1,040.000 according to their job cost sheets were completed during October and transferred to Finished Goods Products and that had no 5960,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 25% above cost. Regard Pretul este o record the information above. Work in Process has a beginning balance of 534,000 Cr. Dr