Question

w set Moody Corporation 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 1ee.ee 650.00 Required: 1. Compute the plantwide predetermined ovelhead rate 2. During the year, Job 400 was started and completed. The following information was available with respect to this job Direct materials Direct labor cost Machine-hours used 545e $ 210 40 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 52 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Complete this question by entering your answers in the tabs below. Required i Required 2 Required 3 Required 4 decimal places and final Compute the total manufacturing cost assigned to Job 400. (Round intermediate calculations to answer to the nearest dollar amount.) Total manufacturing cost < Required 1 Required >

Answer 1

1
Plantwide predetermined overhead rate	9.50	=3+(650000/100000)
2
Direct materials	450
Direct labor cost	210
Overhead applied	380	=40*9.50
Total manufacturing cost	1040
3
Total manufacturing cost	1040
Divide by units	52
Unit product cost	20
4
Unit product cost	20
Add: Markup @ 20%	4
Selling price per unit	24