Reference no: EM133048304
Question - Q1. 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 230,000
Fixed manufacturing overhead cost $4,600,000
Variable manufacturing overhead cost per machine-hour $2.00
Compute the plantwide predetermined overhead rate.
Q2. During the year, Job P90 was started, completed, and sold to the customer for $3,800. The following information was available with respect to this job:
Direct materials $1,748
Direct labor cost $1,254
Machine-hours used 85
-Compute the total manufacturing cost assigned to Job P90.
-Compute the plantwide predetermined overhead rate.
-During the year, Job P90 was started, completed and sold to the customer for $3,800. Compute the total manufacturing cost assigned to Job P90.
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