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futurenurse15 futurenurse15
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A year ago

Amason Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department’s predetermined overhead rate is based on machine-hours and the Assembly Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

FormingAssembly
Machine-hours16,00011,000
Direct labor-hours2,0006,000
Total fixed manufacturing overhead cost$102,400$66,000
Variable manufacturing overhead per machine-hour$ 1.90
Variable manufacturing overhead per direct labor-hour$ 3.80

During the current month the company started and finished Job A950. The following data were recorded for this job:

Job A950:FormingAssembly
Machine-hours5020
Direct labor-hours2040
Direct materials$ 665$ 415
Direct labor cost$ 520$1,040

Required:

Calculate the selling price for Job A950 if the company marks up its unit product costs by 30% to determine selling prices.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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heathernhullheathernhull
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futurenurse15 Author
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A year ago
Correct Slight Smile TY
Zacellison
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You make an excellent tutor!
fxinternational
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Thanks
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