Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3] 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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $4,000. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,840 $ 1,320 87 Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. Required 1 Required 2 240,000 $ 4,320,000 $ 2.00 Compute the plantwide predetermined overhead rate. Predetermined overhead rate per MH < Required 1 Required 2 >

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Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
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
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machine-hour
Required:
1. Compute the plantwide predetermined overhead rate.
2. During the year, Job P90 was started, completed, and sold to the customer for $4,000. The following information was available with
respect to this job:
Direct materials
$ 1,840
Direct labor cost
Machine-hours used
$ 1,320
87
Compute the total manufacturing cost assigned to Job P90.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
240,000
$ 4,320,000
$ 2.00
Compute the plantwide predetermined overhead rate.
Predetermined overhead rate
per MH
< Required 1
Required 2 >
Transcribed Image Text:Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3] 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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $4,000. The following information was available with respect to this job: Direct materials $ 1,840 Direct labor cost Machine-hours used $ 1,320 87 Compute the total manufacturing cost assigned to Job P90. Complete this question by entering your answers in the tabs below. Required 1 Required 2 240,000 $ 4,320,000 $ 2.00 Compute the plantwide predetermined overhead rate. Predetermined overhead rate per MH < Required 1 Required 2 >
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