On april 1, mooney corporation purchased for $162 a tract of land on which a warehouse and office building was located. the following data were collected concerning the property: current valuation: land: 6warehouse: 4building: 8vendor's original cost: land: 55warehouse: 37building: 68how would you find the appropriate costs for the land? a) use current valuation only (6)b) use vendor's original cost only (55)c) 6-55000 = 5000d) (60/180)*162 = 54

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