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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 $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
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