Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system...

Transcribed Image Text:

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Milling 16,000 Customizing 11,000 18,000 $ 92,800 6,000 $ 28,800 1.20 $ 5.00 During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Machine-hours Direct labor-hours Direct materials Milling 50 Customizing 40 60 30 $430 $ 800 $ 180 $ 540 Direct labor cost If the company marks up its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermediate calculations to 2 decimal places.) Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Milling 16,000 Customizing 11,000 18,000 $ 92,800 6,000 $ 28,800 1.20 $ 5.00 During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Machine-hours Direct labor-hours Direct materials Milling 50 Customizing 40 60 30 $430 $ 800 $ 180 $ 540 Direct labor cost If the company marks up its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermediate calculations to 2 decimal places.)