10. Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Customizin Description Molding g Total Estimated total machine- hours (MHS) $7,000 $3,200 $10,200 Estimated total fixed manufacturing overhead cost $18,200 $11,520 $29,720 Estimated variable manufacturing overhead cost per MH $2 $2 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job C Job M Direct materials $16,400 $9,700 Direct labor cost $23,100 $10,100 Molding machine-hours 2,500 4,500 Customizing machine-hours 2,200 1,000 Required: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling Price for Job C Selling Price for Job M