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

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

Required:

Compute the plantwide predetermined overhead rate.

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

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

If Job $400$ includes $50$ units, what is the unit product cost for this job?

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 $400?$