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# Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used ...

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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

Edition: 9th
Authors:
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Gimor1220Gimor1220
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More solutions for this book are available here
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