Question: please help with this question Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses ajob-order costing system with a plantwide
please help with this question



Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses ajob-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning ofthe year, the company made the following estimates: Machinehours required to support estimated production 200,000 Fixed manufacturing overhead cost $ 2,800,000 Variable manufacturing overhead cost per machine-hour $ 2.00 l Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,200. The following information was available with respect to this job: Direct materials $ 1,472 Direct labor cost $ 1,056 Machine-hours used 79 Compute the total manufacturing cost assigned to Job P90. Required 1 Required 2 Compute the plantwide predetermined overhead rate. Predetermined overhead rate per MHRequired 1 a Required2 During the year, Job P90 was started, completed and sold to the customer for $3,200. Compute the total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
