Hi,I need help inputting the correct value for part 4.Thank you. NOTES:- Only part 4 needs solving.- For part 4, (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)- Answers "19.18" and "19.19" were attempted and are both incorrect. The correct answer is another number. Answer is complete but not entirely correct.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Required 4If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it haveestablished for Job 400? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimalplaces.)Selling price per unit$ 19.18 X Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At thebeginning of the year, the company made the following estimates:Machine-hours required to support estimated productionFixed manufacturing overhead costVariable manufacturing overhead cost per machine-hourRequired: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 materialsDirect labor costMachine-hours used155,000$ 658,000$ 4.10$ 330$ 25035Compute the total manufacturing cost assigned to Job 400.3. If Job 400 includes 50 units, what is the unit product cost for this job?→4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have establishedfor Job 400?

PREDETERMINED OVERHEAD RATE Predetermined rate means an indirect cost rate. predetermined overhead…

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.) Selling price per unit $ 19.18 x

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.) Selling price per unit $ 19.18 x

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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