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Gobor-263 Inc. uses a job-order costing system with a predetermined overhead rate using machine hours as the allocation base. The company made the following
Gobor-263 Inc. uses a job-order costing system with a predetermined overhead rate using machine hours as the allocation base. The company made the following estimates at the beginning of last year: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 32,100 $ 577,800 $ 5.00 Gobor-263 Inc. started and completed Job X130 last year. It recorded the following information for Job X130: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 30 $ 595 $ 1,190 The company uses a markup percentage of 40% of its total manufacturing cost in determining selling price. The selling price per unit the company would charge for Job X130 is closest to: (Round your calculations to 2 decimal places.) Multiple Choice $99.00
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