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During the most recent month, the company started and completed two jobs-Job F and Job K. There were no beginning inventories. Data concerning those two
During the most recent month, the company started and completed two jobs-Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job F Job K Direct Materials $14,400 $ 7,100 Direct Labor Cost $22,500 $ 6,600 Casting Machine-Hours 1,400 600 Finishing Machine-Hours 3,200 4,800 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job F is closest to
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