1 answer

I cannot figure out this qustion Check Moody Corporation uses a job-order costing system with a...

Question:

i cannot figure out this qustion
Check Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours.
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the to
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Job 400 inc
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses
Check Moody Corporation 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 188,888 $ 650,000 $ 3.00 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job! Direct materials Direct labor cost Machine-hours used 21A Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 52 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total manufacturing cost assigned to Job 400. (Round intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. Total manufacturing cost
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Job 400 includes 52 units, what is the unit product cost for this job? (Round your intermediate calculations and final answer to the nearest whole dollar.) Unit product cost
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations and final answer to the nearest whole dollar.) Selling price per unit

Answers

Predetermined overhead mate $9.5 Per MH Calculation: Firstly, we will calculate Estimated total manufacturing Overhead cost.Unit product cost $20 Calculation: Total manufacturing cost (a) Number of units in the job (b) Unit product cast (a) – (6) $1

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