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please elaborate on answers. thank you.
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. A begi
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Answer #1
1) Plantwide predetermined overhead rate 9.50 Per machine hour
Calculate predetermined overhead rate
Fixed Overhead rate = Total fixed manufacturing overhead / Total machine hour
            =650000/100000
6.5 Per machine hour
Add: Variable MOH Rate i.e.                 3 Per machine hour
predetermined overhead rate           9.50 Per machine hour
2) Total manufacturing cost assigned to job 400 1040
Direct material 450.00
Direct labor cost 210.00
factory overhead 380.00
Total cost assigned 1040.00
3) Unit cost 20.00
Unit cost = Total cost / total units
    =1040/52
20.00
4) Selling Price 24.00 (20*120%)
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