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Check my work 3 TB Problem Qu. 2-272 Kluth Corporation has two manufacturing Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the
Check my work 3 TB Problem Qu. 2-272 Kluth Corporation has two manufacturing Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates 15 points Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 9,000 $36,000 $ 2.50 eBook 2,600 11,600 $9,360 $45,360 5.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Customizing machine-hours Job C Job M $15,500 $9,100 $22,300 $9,300 1,250 7,750 500 2,100 Required: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling price for Job C Selling price for Job M
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