Exercise $2-14($Algo$)$ Computing Predetermined Overhead Rates and Job Costs $[$LO$2-1,$ LO$2-2,$ LO$2-3]$

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:

Fixed manufacturing overhead cost $$660,00e$

Variable manufacturing overhead cost per machine$-$hour $$4\mathrm{.}80$

Required:

Compute the plantwide predetermined overhead rate.

During the year, Job $400$ was started and completed. The following information pertains to this job:

Compute the plantwide predetermined overhead rate.

Note: Round your answer to $2$ decimal places.

Compute the total manufacturing cost assigned to Job $400.$

If Job $400$ includes $60$ units, what is its unit product cost?

If Moody uses a markup percentage of $120\%$ of its total manufacturing cost, then what selling price per unit would it establish for

Job $400?$

Compute the total manufacturing cost assigned to Job $400.$

Note: Round "predetermined overhead rate" to $2$ decimal places. Round other calculations and final answer to the nearest

whole dollar:

Tolal manufacturing cost

If Job $400$ includes $60$ units, what is its unit product cost?

Note: Round your intermediate calculations to the nearest whole number and final answer to $2$ decimal places.

Unit product cost

If Moody uses a markup percentage of $120\%$ of its total manufacturing cost, then what selling price per unit would it establish

for Job $400?$

Note: Round your intermediate calculations to the nearest whole number and final answer to $2$ decimal places.