Moody Corporation uses a joborder costing system with a plantwide predetermined overhead rate based on machinehours. At the
beginning of the year, the company made the following estimates:
Machinehours required to support estimated production
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machinehour
Required:
Compute the plantwide predetermined overhead rate.
During the year, Job was started and completed. The following information was available with respect to this job:
Direct materials
Direct labor cost
Machinehours used
$
$
Compute the total manufacturing cost assigned to Job
If Job includes units, what is the unit product cost for this job?
If Moody uses a markup percentage of of its total manufacturing cost, then what selling price per unit would it have
established for Job
Complete this question by entering your answers in the tabs below.
Compute the total manufacturing cost assigned to Job Round your intermediate calculations to decimal places and
your final answer to the nearest dollar amount.
