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15) Stockmaster Corporation has two manufacturing departments-Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead
15) Stockmaster Corporation has two manufacturing departments-Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: In tool to fru Forming Assembly Total Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per machine-hour Direct materials Direct labor cost Forming machine-hours Assembly machine-hours 5,000 $ 27,000 $1.10 During the most recent month, the company started and completed two jobs--Job C and Job H. There were no beginning inventories. Data concerning those two jobs follow: saning ort C Job C 5,000 $ 10,500 $ 2.80 10,000 $ 37,500 evo Naninnot basamnites $11,200 $ 21,000 $7,500 $ 7,800 1,600 3,400 2,000 3,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: (Round your intermediate calculations to 2 decimal places.) A) $96,989 B) $88,172 C) $25,192 D) $62,980 Job H
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