Taveras Corporation is currently operating at 50% of its available manufacturing capacity

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Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It 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 185,000Fixed manufacturing overhead cost $ 2,960,000Variable manufacturing overhead cost per machine-hour $ 2.00 Required:1. Compute the plantwide predetermined overhead rate.2. During the year, Job P90 was started, completed, and sold to the customer for $2,900. The following information was available with respect to this job: Direct materials $ 1,334Direct labor cost $ 957Machine-hours used 76 Compute the total manufacturing cost assigned to Job P90.