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Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,200
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,200 Estimated variable manufacturing overhead $ 3.00 per machine-hour Estimated total fixed manufacturing overhead $838, 790 The predetermined overhead rate for the recently completed year was closest to Opunui Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 4,000 $ 29,000 Finishing 1,000 $4,900 Total 5,000 $33,900 Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow Direct materials Direct labor cost Molding machine-hours Finishing machine- hours Job A $16,700 $23,400 2,700 Job M $ 9,900 $10,300 1,300 600 400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to (Round "Predetermined overhead rate" to 2 decimal places.)
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