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Taveras Corporation is currently operating at 5 0 % of its available manufacturing capacity. It uses a job - order costing system with a plantwide
Taveras Corporation is currently operating at of its available manufacturing capacity. It uses a joborder costing system with a plantwide predetermined overhead rate based on machinehours. 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 was available with respect to this job:
Direct materials $
Direct labor cost $
Machinehours used
Compute the total manufacturing cost assigned to Job P
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