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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
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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 255,000 $ 5,100,000 $ 2.00 2. During the year, Job P90 was started, completed, and sold to the customer for $4,300. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $1,078 $1,419 00 Compute the total manufacturing cost assigned to Job P90. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 4 Return to qu Direct labor cost Machine-hours used $ 1,419 90 Compute the total manufacturing cost assigned to Job P90. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide predetermined overhead rate. Predetermined overhead rate 20 per MH Answer is complete but not entirely corre Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total manufacturing cost assigned to Job P90. Direct materials $ 1,978 Direct labor 1,419 Overhead applied 5,100,000 Total manufacturing cost $ 5,103,397
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