Skysong, inc. had the following transactions involving notes payable. july 1, 2019 borrows $52,500 from first national bank by signing a 9-month, 8% note. nov. 1, 2019 borrows $63,000 from lyon county state bank by signing a 3-month, 6% note. dec. 31, 2019 prepares adjusting entries. feb. 1, 2020 pays principal and interest to lyon county state bank. apr. 1, 2020 pays principal and interest to first national bank.

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 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 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 materials $ 450 direct labor cost $ 210 machine-hours used 40