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biancawoods biancawoods
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A year ago

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

FormingAssemblyTotal
Estimated total machine-hours (MHs)5,0005,00010,000
Estimated total fixed manufacturing overhead cost$ 27,000$ 10,500$ 37,500
Estimated variable manufacturing overhead cost per MH$ 1.10$ 2.80

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

Job CJob H
Direct materials$ 11,200$ 7,500
Direct labor cost$ 21,000$ 7,800
Forming machine-hours3,4001,600
Assembly machine-hours2,0003,000

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



▸ $96,989

▸ $88,172

▸ $25,192

▸ $62,980
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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CodybarnesCodybarnes
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A year ago
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