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Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses ajo border 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 215,000 $3,655,000 2.00 Required 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,500. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used 1,610 $ 1,155 82 Compute the total manufacturing cost assigned to Job P90.Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the plantwide predetermined overhead rate Predetermined overhead rate per MHCompute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. Required 1 Required 2 During the year, Job P90 was started, completed and sold to the customer for $2,500. Compute the total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost

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1. Calculation of Plantwide predetermined Overhead rate with machine hours as basis: Estimated number of machine hours215,000 hours Variable manufacturing overhead cost S2 per machine hour Total Variable manufacturing overhead cost - $215,000 x $2 per machine hour $430,000 Fixed manufacturing overhead cost $3,655,000 Total cstimated manufacturing overhcad cost Fixed manufacturing overhcad cost+Total Variable manufacturing overhead cost $430,000+ $3,655,000 = $4,085,000 Total estimated manufacturing over head Cost_$4,085,000 $215,000 Predetermined Overhead rate = S19 per machine hour Estimated number of machine hours Plantwide predetermined overhead rate $0.74 per MLH Note - Predetermined Overhead Rate is calculated by using estimated amounts...

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.2. Total manufacturing cost assigned to Job P90 Amount Direct Materials $1,610 Direct Labor S1,155 S1,558 Overhead applied Number of machinc hours used for Job P90 x Predetermined Overhcad Rate] [82 hours x $19 Total manufacturing Cost Material Cost+ Labor Cost+Overhead applied] $4,323

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