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:

Machine$-$hours required to support estimated production

Fixed manufacturing overhead cost

Variable manufacturing overhead cost per machine$-$hour

$160,000$

$$657,000$

$$4\mathrm{.}20$

Compute the plantwide predetermined overhead rate.

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

Direct materials

Direct labor cost

Machine$-$hours used

$$400$

$$230$

$37$

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 $400?$

Complete this question by entering your answers in the tabs below.

Compute the plantwide predetermined overhead rate.

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