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9) Hola Corporation has two manufacturing departments-Casting and Customizing. The company used the following data at the beginning of the year to calculate predetermined
9) Hola Corporation has two manufacturing departments-Casting and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Casting Customizing Total 2,000 3,000 5,000 $11,600 $7,200 $18,800 $1.90 $2.80 During the most recent month, the company started and completed two jobs-Job F and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job F Job L Direct materials Direct labor cost $10,600 $24,400 $6,600 Casting machine-hours Customizing machine- 1,400 $8,600 600 hours 1,200 1,800 Required: Assume that the company uses a pleads, predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling prices for Job F and Job L
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