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britt138 britt138
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A year ago

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

MachiningCustomizingTotal
Estimated total machine-hours (MHs)5,0005,00010,000
Estimated total fixed manufacturing overhead cost$ 22,000$ 11,500$ 33,500
Estimated variable manufacturing overhead cost per MH$ 1.80$ 3.00

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

Job EJob J
Direct materials$ 12,800$ 7,000
Direct labor cost$ 17,600$ 7,700
Machining machine-hours3,4001,600
Customizing machine-hours2,0003,000

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. If both jobs are sold during the month, the company's cost of goods sold for the month would be closest to: (Round your intermediate calculations to 2 decimal places.)



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Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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Gimor1220Gimor1220
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britt138 Author
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A year ago
Good timing, thanks!
djeghri
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Yesterday
Just got PERFECT on my quiz
choih94
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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