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bigben0007 bigben0007
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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)4,0001,0005,000
Estimated total fixed manufacturing overhead cost$ 19,600$ 2,400$ 22,000
Estimated variable manufacturing overhead cost per MH$ 1.10$ 2.10

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$ 13,600$ 7,500
Direct labor cost$ 20,700$ 7,400
Molding machine-hours2,7001,300
Finishing machine-hours400600

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.)



▸ $51,970

▸ $72,758

▸ $80,034

▸ $20,788
Textbook 

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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nalsaidynalsaidy
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