Maria Company uses a job order costing system with a plantwide overhead rate on machine-hours....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Maria Company uses a job order costing system with a plantwide overhead rate on machine-hours. At the beginning of the year, the company made the following estimates:
Machine Hours estimated to support estimated production
210,000
Fixed manufacturing overhead cost
$3,360,000.00
Variable manufacturing overhead cost per machine-hour
$ 2.00
During the year, Job P90 was started, completed, and sold to the customer. The following information was available with respect to this job.
Direct materials
$1,564.00
Direct labor cost
$1,122.00
Machine-hours used
81
Required:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing overhead assigned to Job P90.
c. Compute the unit product cost of Job P90.
d. If the company uses a markup of 50%, compute the selling price for Job P90.
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!
