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hungry22 hungry22
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11 months ago

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

MachiningAssemblyTotal
Estimated total machine-hours (MHs)2,0003,0005,000
Estimated total fixed manufacturing overhead cost$ 9,400$ 8,100$ 17,500
Estimated variable manufacturing overhead cost per MH $ 1.80$ 2.40

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

Job BJob L
Direct materials$ 14,400$ 7,100
Direct labor cost$ 23,500$ 6,700
Machining machine-hours1,400600
Assembly machine-hours1,2001,800

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 L is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ $40,320

▸ $41,933

▸ $13,440

▸ $26,880
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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manuella14manuella14
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11 months ago
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hungry22 Author
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11 months ago
Thanks
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Yesterday
Good timing, thanks!
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2 hours ago
This helped my grade so much Perfect
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