(Solved) Janicki Corporation has two manufacturing departments--Machining and Customizing. The company used ...

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

	Machining	Customizing	Total
Estimated total machine-hours (MHs)	1,000	9,000	10,000
Estimated total fixed manufacturing overhead cost	$ 4,800	$ 23,400	$ 28,200
Estimated variable manufacturing overhead cost per MH	$ 1.10	$ 2.50

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

	Job A	Job J
Direct materials	$ 12,000	$ 7,700
Direct labor cost	$ 20,700	$ 6,400
Machining machine-hours	700	300
Customizing machine-hours	3,600	5,400

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 50% on manufacturing cost to establish selling prices. The calculated selling price for Job J is closest to: (Round your intermediate calculations to 2 decimal places.)

▸ $65,115

▸ $67,720

▸ $21,705

▸ $43,410

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Janicki Corporation has two manufacturing departments--Machining and Customizing. The company used ...

Introduction to Managerial Accounting: Brewer Edition: 9e

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