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Get it written →1. Taveras Corporation currently operates at 50% of its available manufacturing capacity. It uses job-order costing 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 | 185,000 |
|---|---|
| Fixed manufacturing overhead cost | $ 2,960,000 |
| Variable manufacturing overhead cost per machine-hour | $ 2.00 |
Required:
- Compute the plantwide predetermined overhead rate.
- During the year, Job P90 was started, completed, and sold to the customer for $2,900. The following information pertains to this job:
Direct materials $ 1,334 Direct labor cost $ 957 Machine-hours used 76 Compute the total manufacturing cost assigned to Job P90.
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