Top Posters
Since Sunday
17
7
6
6
s
5
t
5
s
5
9
5
g
5
h
5
l
5
o
5
New Topic  
mmaruska mmaruska
wrote...
Posts: 93
Rep: 0 0
2 months 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


Edition: 9th
Authors:
Read 9 times
1 Reply
Replies
Answer verified by a subject expert
babolat00babolat00
wrote...
Posts: 65
Rep: 0 0
2 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$78,120

1

Related Topics

mmaruska Author
wrote...

2 months ago
Just got PERFECT on my quiz
wrote...

Yesterday
This helped my grade so much Perfect
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  293 People Browsing
 243 Signed Up Today
Related Images
  
 208
  
 156
  
 3
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 328

Previous poll results: What's your favorite coffee beverage?