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Moody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At...

  1. Moody Corporation uses a job-order costing system with a plantwide 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

200,000

Fixed manufacturing overhead cost

$1,300,000

Variable manufacturing overhead cost per machine-hour

$3.00

1.a - Compute the predetermined overhead rate – (12 points)

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

Direct materials requisitioned

$1,450

Direct labor cost

$1,210

Machine-hours used

40

Compute the total manufacturing cost assigned to Job 400  

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