Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system 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	240,000
Fixed manufacturing overhead cost	$ 4,320,000
Variable manufacturing overhead cost per machine-hour	$ 2.00

Required:

1. Compute the plantwide predetermined overhead rate.

2. During the year, Job P90 was started, completed, and sold to the customer for $4,000. The following information was available with respect to this job:

Direct materials	$ 1,840
Direct labor cost	$ 1,320
Machine-hours used	87

Compute the total manufacturing cost assigned to Job P90.

Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $4,000. The following information was available wi respect to this job: Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. Compute the plantwide predetermined overhead rate