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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 170,000 $ 1,700,000 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 $2,000. The following information was available with respect to this job Direct materials Direct labor cost Machine-hours used $ 920 $ 660 73 Compute the total manufacturing cost assigned to Job P90 Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the plantwide predetermined overhead rate Predetermined overhead rate per MH Required 1 Required 2> Required 1 Required 2 During the year, Job P90 was started, completed and sold to the customer for $2,500. Compute the total manufacturing cost assigned to Job P90 Direct materials Direct labor Overhead applied Total manufacturing cost
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