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
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