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imomo imomo
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A year ago

Nielsen 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)1,0004,0005,000
Estimated total fixed manufacturing overhead cost$ 4,700$ 10,800$ 15,500
Estimated variable manufacturing overhead cost per MH$ 1.20$ 2.20

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

Job FJob M
Direct materials$ 13,000$ 7,400
Direct labor cost$ 20,400$ 8,800
Machining machine-hours700300
Assembly machine-hours1,6002,400

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job M is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ $46,154

▸ $41,958

▸ $29,970

▸ $11,988
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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dressagegal1dressagegal1
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A year ago
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