Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
britt138 britt138
wrote...
Posts: 126
Rep: 0 0
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.)



Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 55 times
1 Reply
Replies
Answer verified by a subject expert
Gimor1220Gimor1220
wrote...
Posts: 151
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

britt138 Author
wrote...

A year ago
Correct Slight Smile TY
wrote...

Yesterday
This site is awesome
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  961 People Browsing
Related Images
  
 165
  
 145
  
 940
Your Opinion
Who's your favorite biologist?
Votes: 585

Previous poll results: Where do you get your textbooks?