Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It 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 195,080 $ 3,518,088 2.00 Required 1. Compute the plantwide predetermined overhead rate 2. During the year, Job P90 was started, completed, and sold to the customer for $3,100. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used s 1,426 s 1,023 78 Compute the total manufacturing cost assigned to Job P90 Complete this question by entering your answers in the tabs below. Required Required 2 Compute the plantwide predetermined overhead rate. rate per MH Required 1 Required2 Complete this question by entering your answers in the tabs below. Required1 Required 2 2. During the year, Job P90 was started, completed, and sold to the customer for $3,100. The following information was available with respect to this job Direct materials Direct labor cost Machine-hours used 1,426 1,023 78 Compute the total manufacturing cost assigned to Job P90 Show less Direct materials Direct labor
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!