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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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 $462,000, variable manufacturing overhead of $2.20 per machine-hour, and 60,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: Number of units in the job Total machine-hours Direct materials Direct labor cost 20 80 $ 940 $2,240 The total job cost for Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $3,972 $1,732 $3,180 $3,032 The unit product cost for Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $86.60 $159.00 $198.60 $49.65 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.) Multiple Choice $258.32 $190.80 $39.72 $238.32

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

Recommended Textbook for

More Books

Students also viewed these Accounting questions