EXERCISE 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates LO2-4 Braverman Company has two manufacturing departments-Finishing and Fabrication. The prede- termined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Finishing Fabrication Direct materials $410 $60 Direct labor... $128 $48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job? EXERCISE 212 Computing Predetermined Overhead Rates and Job Costs LO 2-1, LO2-2, LO2-3 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 100,000 Fixed manufacturing overhead cost ..... $650,000 Variable manufacturing overhead cost per machine-hour $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 $450 Direct labor cost.. $210 Machine-hours used 40 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? 5. If Moody hired you as a consultant to critique its pricing methodology, what would you say