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Taveras Corporation currently operates at 50% of its available manufacturing capacity. It uses job-order costing...

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Accounting

Taveras Corporation currently operates at 50% of its available manufacturing capacity. It uses job-order costing 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 200,000
Fixed manufacturing overhead cost $ 2,800,000
Variable manufacturing overhead cost per machine-hour $ 2.00
Required:
Compute the plantwide predetermined overhead rate.
During the year, Job P90 was started, completed, and sold to the customer for $3,200. The following information pertains to this job:
Direct materials $ 1,472
Direct labor cost $ 1,056
Machine-hours used 79

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