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 156,000Fixed manufacturing overhead cost $ 656,000Variable manufacturing overhead cost per machine-hour $ 4.90Required: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 $ 380Direct labor cost $ 220Machine-hours used 38Compute the total manufacturing cost assigned to Job 400.3. If Job 400 includes 50 units, what is the unit product cost for this job