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:

Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3] 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 235,000 Variable manufacturing overhead cost per machine-hour $ 3,760,000 $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 $3,900. The following information was available with respect to this job: Direct materials Direct labor cost $ 1,794 $ 1,287 86 Machine-hours used Compute the total manufacturing cost assigned to Job P90. Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,900. The following information was available with respect to this job: $ 1,794 Direct materials Direct labor cost Machine-hours used $ 1,287 86 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 Next > respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,794 $ 1,287 86 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 Check m