EXERCISE 3-14 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 100,000 Fixed manufacturing overhead cost $650,000 Variable manufacturing overhead cost per machine-hour $3.00 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: Direct materials $450 Direct labor cost $210 Machine-hours used 40 Compute the total manufacturing cost assigned to Job 400. If Job 400 includes 52 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? If Moody hired you as a consultant to critique its pricing methodology, what would you say