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 100,000 $ 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 pertains to this job: COk Direct materials Direct labor cost Machine-hours used $ 450 210 40 Compute the total manufacturing cost assigned to Job 400, 4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it establish for 3. lf Job 400 includes 52 units, what is its unit product cost? Job 400?
