Question 27: 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 following estimates 100,000 Machine-hours required to support estimated production Fixed manufacturing overhead cost ble mamahcturtgne-hour S3.00 per machine-hourS650,000 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: S450 Direct materials requisitioned Direct labor cost S210 Machine-hours used 40 Compute the total manufacturing cost assigned to Job 400. ring the year, the company worked a total of 146,000 machine-hours on 3. Du all iobs and incurred actual manufacturing overhead costs of $1,350,000 What is the amount of underapplied or o this amount were verapplied overhead for the year? If journal entry increase or decrease net operating income?d would th