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  3. ryans corporation uses a job-order costing system

Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...

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Accounting

Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours 11,000
Total fixed manufacturing overhead cost $ 82,500
Variable manufacturing overhead per machine-hour $ 4.20
Recently Job P512 was completed with the following characteristics:
Number of units in the job 30
Total machine-hours 50
Direct materials $ 730
Direct labor cost $ 2,567
Required:
Calculate the predetermined overhead rate for the year.
Note: Round your final answer to two decimal places.
Calculate the amount of overhead applied to Job P512.
Note: Do not round intermediate calculations.
Calculate the total job cost for Job P512.
Note: Do not round intermediate calculations.
Calculate the unit product cost for Job P512.
Note: Do not round intermediate calculations. Round your final answer to two decimal places.

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