Molteni motors inc. recently reported $3 million of net income. its ebit was $6.75 million, and its tax rate was 40%. what was its interest expense? (hint: write out the headings for an income statement and then fill in the known values. then divide $3 million net income by 1 − t = 0.6 to find the pre-tax income. the difference between ebit and taxable income must be the interest expense.) round your answer to the nearest dollar. enter your answer in dollars. for example, an answer of $1.2 million should be entered as 1,200,000.

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