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. 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

Answer 1

Predetermined overhead mate $9.5 Per MH Calculation: Firstly, we will calculate Estimated total manufacturing Overhead cost. Estimated fixed manufacturing overhead $ 650,000 Estimated variable manufacturing overheads $ 3.00 per MH X 100,000 MHS $ 300,000 $ 450,000 Estimated total manufactwu'ng overhead cost Estimated to tal manufacturing overhead () Estimated total machine -hours (b) Pre determined overhead rate (@ 6) $ 450,000 100,000 $ 9.5 peXMH Total manufacturing cost $ 1,040 Calculation: Direct materials $ 45o Direct labor $ 210 manilfacturing overhead applied ($9.Sper MAX 40 MHS $ 380 Total manufacturing cost $1,040

Unit product cost $20 Calculation: Total manufacturing cost (a) Number of units in the job (b) Unit product cast (a) – (6) $1,040 52 $20 Selling price per unit & 44 Calculation: & 1,040 $ 1,248 Total manufacturing cost Markup (120% of manufacturing cost) Selling price for Job 400 (a) Number of units in Job 400 (6) selling price per unit (a) = (b) $ 2,288 52 44 &