Answer:
Instructions are below.
Explanation:
Giving the following information:
1. We weren't provided with enough information to calculate the plantwide predetermined overhead rate. <u>But, I can provide the information required as an example and the formulas necessary.</u>
Estimated overhead= 1,200,000
Estimated machine-hours= 350,000
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,200,000/350,000
Predetermined manufacturing overhead rate= $3.43 per machine hours.
2. Job 400:
Direct materials $320
Direct labor cost $240
Machine-hours used 36
Total manufacturing cost= 320 + 240 + 36*3.43
Total manufacturing cost= $683.48
3. Job 400= 50 units
Unitary cost= 683.48/50= $13.67
4. Moody uses a markup percentage of 120% of its total manufacturing cost
Selling price per unit= 13.67*1.2= $16.404
