Question

2 GRADED O 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-hos required to report t he prodation Fixed facturing ovechead cost Variable facturing overhead coat per machine how $ 653,000 $ 4.20 Required: 1. Compute the plantwide predetermined overhead rate 2. During the year, Job 400 was started and completed. The following information was available with respect to this job Dareot material: Darest labor cost Machin-hours used Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 60 units, what is the unit product cost for this job? 4. Moody uses a markup percentage of 130% 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 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate Required 2 > < Prey 2 of 4 !! Next >

Answer 1

1
Plantwide predetermined overhead rate	8.47	per MH	=4.20+(653000/153000)
2
Direct materials	370
Direct labor cost	220
Overhead applied	271		=32*8.47
Total manufacturing cost	861
3
Total manufacturing cost	861
Divide by Units	60
Unit product cost	14
4
Unit product cost	14
Add: Markup per unit	18		=14*130%
Selling price per unit	32 or 33