Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on...

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Accounting

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 production159,000Fixed manufacturing overhead cost$ 654,000Variable manufacturing overhead cost per machine-hour$ 4.30

Required:

Compute the plantwide predetermined overhead rate.
During the year, Job 400 was started and completed. The following information pertains to this job:

Direct materials$ 380Direct labor cost$ 220Machine-hours used37

Compute the total manufacturing cost assigned to Job 400.

If Job 400 includes 50 units, what is its unit product cost?
If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it establish for Job 400?

Answers needed:

Required 1: Predetermined overhead rate ________ Per MH

Required 2: Compute the total manufacturing cost assigned to Job 400.

Total manufacturing cost _______

Required 3: If Job 400 includes50 units, what is its unit product cost?

Unit Product Cost ______

Required 4: If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it establish for Job 400?

Selling price per unit ________

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