(Solved) Tomey Corporation has two production departments, Forming and Finishing. The company uses a ...

Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department’s predetermined overhead rate is based on machine-hours and the Finishing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

	Forming	Finishing
Machine-hours	18,000	14,000
Direct labor-hours	2,000	8,000
Total fixed manufacturing overhead cost	$ 99,000	$ 70,400
Variable manufacturing overhead per machine-hour	$ 2.10
Variable manufacturing overhead per direct labor-hour		$ 3.70

During the current month the company started and finished Job T617. The following data were recorded for this job:

Job T617:	Forming	Finishing
Machine-hours	90	20
Direct labor-hours	30	60
Direct materials	$ 940	$ 350
Direct labor cost	$ 960	$ 1,920

The total job cost for Job T617 is closest to: (Round your intermediate calculations to 2 decimal places.)

▸ $5,604

▸ $2,584

▸ $684

▸ $3,020

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Tomey Corporation has two production departments, Forming and Finishing. The company uses a ...

Introduction to Managerial Accounting: Brewer Edition: 9e

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