(Solved) Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the ...

Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

	Molding	Customizing	Total
Estimated total machine-hours (MHs)	3,000	2,000	5,000
Estimated total fixed manufacturing overhead cost	$15,900	$4,200	$ 20,100
Estimated variable manufacturing overhead cost per MH	$1.20	$2.40

During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow:

	Job C	Job M
Direct materials	$ 15,600	$ 8,600
Direct labor cost	$ 25,100	$ 8,300
Molding machine-hours	2,000	1,000
Customizing machine-hours	800	1,200

Required:

Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.)

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Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the ...

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