What selling price per unit would have established

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Moody Corporation 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 150,000

Fixed manufacturing overhead cost $653,000

Variable manufacturing overhead cost per machine-hour$ 4.60

Required:

Problem 1: If Job 400 includes 60 units, what is the unit product cost for this job?

Problem 2: If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400?

Reference no: EM132976879

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