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Call Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for
Call Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $462,000, variable manufacturing overhead of $2.20 per machine-hour, and 60,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: 20 job Number of units in the Total machine-hours Direct materials Direct labor cost 80 $ 940 $2,240 If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.) Saved Help SO Save & Exit If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 20:55 $258.32 $190 80 $99.22 $238.32 Save & Exit Submit Submit In the Schedule of Cost of Goods Manufactured and cost of Goods Sold, the cost of goods manufactured is computed according to which of the following equations? Multiple Choice 45 Cost of goods manufactured - Total manufy turing costs Ending work in process inventory - Beginning work in process inventory Cost of goods manufactured Total manufacturing costs Beginning work in process inventory - Ending work in process Inventory Cost of goods manufactured - Total manufacturing costs + Beginning teished goods inventory - Ending finished goods inventory Cost of goods manufactured Total manufacturing costs. Inding finished goos inventory - Beginning finished goods Inventory
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