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mmaruska mmaruska
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A year ago

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

MoldingFinishingTotal
Estimated total machine-hours (MHs)3,2501,7505,000
Estimated total fixed manufacturing overhead cost$ 10,000$ 5,100$ 15,100
Estimated variable manufacturing overhead cost per MH$ 2.50$ 5.00

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

Job AJob M
Direct materials$ 16,400$ 10,200
Direct labor cost$ 23,400$ 10,000
Molding machine-hours1,2502,000
Finishing machine-hours1,250500

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



▸ $55,800

▸ $78,120

▸ $87,775

▸ $22,320
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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babolat00babolat00
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A year ago
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