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Taveras Corporation currently operates at 5 0 % of its available manufacturing capacity. It uses job - order costing with a plantwide predetermined overhead rate

Taveras Corporation currently operates at 50% of its available manufacturing capacity. It uses job-order costing 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
Variable manufacturing overhead cost per machine-hour
220,000
$3,960,000
$2.00
Required:
Compute the plantwide predetermined overhead rate.
During the year, Job P90 was started, completed, and sold to the customer for $3,600. The following information pertains to this job:
Direct materials
Direct labor cost
Machine-hours, used
$1,656
$1,188
.83
Compute the total manufacturing cost assigned to Job P90.
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Compute the plantwide predetermined overhead rate.
Predetermined overhead rate
per MH
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