Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order...

 

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Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It 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: 1. Compute the plantwide predetermined overhead rate. 190,000 $ 3,420,000 $ 2.00 2. During the year, Job P90 was started, completed, and sold to the customer for $3,000. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,380 $998 77 Compute the total manufacturing cost assigned to Job P90. Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It 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: 1. Compute the plantwide predetermined overhead rate. 190,000 $ 3,420,000 $ 2.00 2. During the year, Job P90 was started, completed, and sold to the customer for $3,000. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,380 $998 77 Compute the total manufacturing cost assigned to Job P90.

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