Question
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
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 nanufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 175,000 $ 2,450,000 $ 2.00 2. During the year, Job P90 was started, completed, and sold to the customer for $2,600. The following information was available with respect to this job Direct materials Direct labor cost Machine-hours used $1,196 $858 74 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 por MH Required 2 > Direct materials Direct labor cost Machine-hours used $1,196 $ 858 74 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 total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost
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