Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cull 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

Cull 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 $266,000, variable manufacturing overhead of $2.20 per machine-hour, and 38,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed:

Number of units in the job 10
Total machine-hours 80
Direct materials $ 810
Direct labor cost $ 1,620

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.)

Garrison 16e Rechecks 2017-06-22

Multiple Choice

  • $399.92

  • $316.60

  • $63.32

  • $379.92

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

Students also viewed these Accounting questions

Question

What is the standard deviation of a sampling distribution called?

Answered: 1 week ago