ments SP1BACK Connect Connect a Microsoft Office Home Mail

ments SP1B-ACK Connect Connect × a Microsoft Office Home | Mail https:/ on.co and 3 Homework Machine-hours required to support estimated production 152,e0e Fixed manufacturing overhead cost Variable nanufacturing overhead cost per machine-hour $ 4.18 5651,000 Required 1 Compute the plantwide predetermined overhead rate 2 During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used 5 360 s290 Compute the total manufacturing cost assigned to Job 400 3 If Job 400 includes 60 units, what is the unit product cost for this job? 4 if Moody uses a markup perce tage or30% of its total manufacturing cost then what seting price per unit would it have established for Job 400? Coempliete this question by entering your answvers in the tabs below. Raquired 2 Required 2 Required 3 Required 4 af Moody uses a markup percentage oi 130% o total manfacturing cost, then what seling price per unit would it have este bished forJob 400? (Round your intermediate calculations and mal answer to the nearest. price per

Solution

1 The estimated total manufacturing overhead cost is computed as follows: a. Y = $651,000 + $4.10 per MH × 152,000 MHs Estimated Fixed manufacturing overhead $            651,000 Estimated variable manufacturing overhead $4.10 per MH × 152,000 MH                623,200 Estimated total manufacturing overhead cost $        1,274,200 The predetermined overhead rate is computed as follows: Estimated total manufacturing overhead $        1,274,200 ÷ Estimated total machine-hours (MHs)                152,000 = Predetermined overhead rate $                   8.38 per MH 2 Total manufacturing cost assigned to Job 400: Direct materials $              360.00 Direct labor $              290.00 Manufacturing overhead applied $8.38 per MH × 33 MHs $                    277 Rounded Total manufacturing cost $                    927 3 Total manufacturing cost $                    927 ÷ Total No. of units ÷ 60 Unit product cost $                15.45 4 Unit product cost $                15.45 Multiplied: markup % x 130% Selling price per unit $                20.09