Wally tormach is a professional house painter. during busy periods, he often hires college students as on his jobs. wally tells his that he has determined the most efficient way to paint a house and he expects them to follow his instructions exactly. wally's approach is consistent with the ideas of peter drucker.

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