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Corporation has two production departmentsMachining and CustomizingThe company uses job - order costing system and computes a predetermined overhead rate in each production department The
Corporation has two production departmentsMachining and CustomizingThe company uses joborder costing system and computes a predetermined overhead rate in each production department The Machining Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct laborhoursAt the beginning of the current yearthe company had made the following estimates Machine hours Direct laborhours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct laborhour Machining Customizing During the current month the company started and finished Job TThe following data were recorded for this job Machining Customizing Job T: Machinehours Direct laborhours Direct materials Direct labor cost the company marks up its manufacturing costs by then the selling price for Job would be closest to
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