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4 points Save Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate
4 points Save Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MH) Molding Finishing Total Estimated total faced manufacturing overhead cost 3.250 1.750 5,000 $ Estimated variable manufacturing overhead cost per MH 30,000 $ 6,500 $ 35.600 $ 1.00 $ 2.00 During the most recent month, the company started and completed two jobs-Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Finishing machine-hours Job $17,700 $24,600 1.250 1,250 Job M $11,600 $11,000 2.000 500 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 estable selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.) $63,975 $89,565 $107,325 $25,590
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