1.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:

Forming

Assembly

Total

Estimated total machine-hours (MHs)

5,000

5,000

10,000

Estimated total fixed manufacturing overhead cost

$

27,000

$

10,500

$

37,500

Estimated variable manufacturing overhead cost per MH

$

1.10

$

2.80

2.

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:

Job C

Job H

Direct materials

$

11,200

$

7,500

Direct labor cost

$

21,900

$

7,800

Forming machine-hours

3,400

1,600

Assembly machine-hours

2,000

3,000

3.

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:

$88,172

$96,989

$62,980

$25,192