QUESTION 2 Oction pints) Moody Corporation uses a job-onder costing system with a plantwide overhead rate based on machine-hours At the beginning of the year, the company made the following estimat Machine-hours gained to support estimated production a Fixed manufacturing overhead cost 100,000 $650,000 Variable manufacturing overhead cost per machine-hour $3.00 Required: 1. Compute the predetermined overhead rate. 2. During the year, Joh 400 was started and completed. The following information was available with respect to this job Direct materials. 5450 Direct labor cost. $210 Machine-hours used. 40 Compute the total manufacturing cost assigned to Job 400.