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 165,000 $1,980,000 2$ 2.00 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $2,500. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,150 830 72 Compute the total manufacturing cost assigned to Job P90,
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 165,000 $1,980,000 2$ 2.00 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $2,500. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $ 1,150 830 72 Compute the total manufacturing cost assigned to Job P90,
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 11PB: When setting its predetermined overhead application rate. Tasty Turtle estimated its overhead would...
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![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
165,000
$ 1,980,000
2$
2.00
Required:
1. Compute the plantwide predetermined overhead rate.
2. During the year, Job P90 was started, completed, and sold to the customer for $2,500. The following
information was available with respect to this job:
Direct materials
Direct labor cost
Machine-hours used
$ 1,150
24
830
72
Compute the total manufacturing cost assigned to Job P90.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96a1afaa-7477-4a55-abf2-1afdfe5b00ce%2Fea0328e5-72e6-4c71-87c9-446cada43533%2Fjvm0kj_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
165,000
$ 1,980,000
2$
2.00
Required:
1. Compute the plantwide predetermined overhead rate.
2. During the year, Job P90 was started, completed, and sold to the customer for $2,500. The following
information was available with respect to this job:
Direct materials
Direct labor cost
Machine-hours used
$ 1,150
24
830
72
Compute the total manufacturing cost assigned to Job P90.
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