Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined

image text in transcribed

image text in transcribed

Check my Opunui 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: ints Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 4,000 $ 19,600 $ 1.10 Finishing 1,000 $ 2,400 $ 2.10 Total 5,000 $ 22,000 eBook References 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 A $13,600 $20,700 2,700 400 Job M $7,500 $7,400 1,300 600 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 A is closest to: (Round your intermediate calculations to 2 decimal places.) 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 A is closest to: (Round your intermediate calculations to 2 decimal places.) 1.25 points eBook 1 References Multiple Choice O $51,970 O $72.758 O $80,034 O $20,788

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is behavioral persuasion in advertising designed to do?

Answered: 1 week ago