The planning/control cycle has two planning steps. They are Select one: a. (1) make the plan, then (2) carry out the plan. b. (1) research planning, then (2) look for ways to cut costs. c. (1) make the plan, then (2) set it aside for a period of time. d. (1) research planning, then (2) receive feedback. e. (1) review previous plans, then (2) evaluate plans.

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