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

Transcribed Image Text:

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. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,100. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. $ 1,426 $ 1,023 78 Required 1 Required 2 Compute the total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost $ 195,000 $ 3,510,000 $ 2.00 < Required 1 Required 2 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. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,100. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. $ 1,426 $ 1,023 78 Required 1 Required 2 Compute the total manufacturing cost assigned to Job P90. Direct materials Direct labor Overhead applied Total manufacturing cost $ 195,000 $ 3,510,000 $ 2.00 < Required 1 Required 2

Answer rating: 100% (QA)

1 To compute the plantwide predetermined overhead rate we need to divide the total estimated manufac... View the full answer