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

Koelsch 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)	1,000	9,000	10,000
Estimated total fixed manufacturing overhead cost	$ 4,000	$ 25,200	$ 29,200
Estimated variable manufacturing overhead cost per MH	$ 2.00	$ 3.00

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

	Job F	Job K
Direct materials	$ 12,300	$ 8,400
Direct labor cost	$ 18,200	$ 6,800
Molding machine-hours	700	300
Customizing machine-hours	3,600	5,400

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job K is closest to: (Round your intermediate calculations to 2 decimal places.)

▸ $72,561

▸ $79,817

▸ $24,187

▸ $48,374

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

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