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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 195,080 $ 3,518,088 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 $3,100. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used s 1,426 s 1,023 78 Compute the total manufacturing cost assigned to Job P90 Complete this question by entering your answers in the tabs below. Required Required 2 Compute the plantwide predetermined overhead rate. rate per MH Required 1 Required2 Complete this question by entering your answers in the tabs below. Required1 Required 2 2. During the year, Job P90 was started, completed, and sold to the customer for $3,100. The following information was available with respect to this job Direct materials Direct labor cost Machine-hours used 1,426 1,023 78 Compute the total manufacturing cost assigned to Job P90 Show less Direct materials Direct labor
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