Sanderlin Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:
| Machining | Finishing | Total |
|---|
| Estimated total machine-hours (MHs) | 5,000 | 5,000 | 10,000 |
|---|
| Estimated total fixed manufacturing overhead cost | $ 26,500 | $ 13,500 | $ 40,000 |
|---|
| Estimated variable manufacturing overhead cost per MH | $ 2.00 | $ 3.00 | |
|---|
During the most recent month, the company started and completed two jobs--Job C and Job L. There were no beginning inventories. Data concerning those two jobs follow:
| Job C | Job L |
|---|
| Direct materials | $ 12,500 | $ 8,200 |
|---|
| Direct labor cost | $ 20,200 | $ 6,400 |
|---|
| Machining machine-hours | 3,400 | 1,600 |
|---|
| Finishing machine-hours | 2,000 | 3,000 |
|---|
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 20% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: (Round your intermediate calculations to 2 decimal places.)
▸ $87,666
▸ $68,920
▸ $13,784
▸ $82,704
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