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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

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