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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 of its available manufacturing capacity. It uses joborder costing with a plantwide predetermined overhead rate based onmachinehours. At the beginning of the year, the company made the following estimates:
Machinehours required to support estimated production
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machinehour
$
$
Required:
Compute the plantwide predetermined overhead rate.
During the year, Job P was started, completed, and sold to the customer for $ The following information pertains to this job:
Direct materials
Direct labor cost
Machinehours, used
$
$
Compute the total manufacturing cost assigned to Job P
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Compute the plantwide predetermined overhead rate.
Predetermined overhead rate
per MH
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