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Mostafa91 Mostafa91
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A year ago

Collini Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department’s predetermined overhead rate is based on machine-hours and the Customizing 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:

MachiningCustomizing
Machine-hours17,00015,000
Direct labor-hours3,0006,000
Total fixed manufacturing overhead cost$ 102,000$ 61,200
Variable manufacturing overhead per machine-hour$ 1.70
Variable manufacturing overhead per direct labor-hour$ 4.10

During the current month the company started and finished Job T268. The following data were recorded for this job:

Job T268:MachiningCustomizing
Machine-hours8030
Direct labor-hours3050
Direct materials$ 720$ 380
Direct labor cost$ 900$ 1,500

If the company marks up its manufacturing costs by 40% then the selling price for Job T268 would be closest to: (Round your intermediate calculations to 2 decimal places.)



▸ $1,932.40

▸ $6,763.40

▸ $4,831.00

▸ $7,440.00
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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relisabethrelisabeth
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