Exercise 15-05 a-c (Video) (Part Level Submission) Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $290,030 for the year, and machine usage is estimated at 126,100 hours. For the year, $310,150 of overhead costs are incurred and 130,500 hours are used. Collapse question part (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e. g. 1.25.) Manufacturing overhead rate $ per machine hour

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