Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save 5 Et TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... 21 Opunul Corporation has two manufacturing departments --Molding and Finishing. The

image text in transcribed
Help Save 5 Et TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... 21 Opunul 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: oints 8 00:58:20 Molding Estimated total machine-hours (MHS) 6,500 Estimated total fixed manufacturing overhead cost $ 27,000 Estimated variable manufacturing overhead cost per $ 1.50 MH Finishing 3,500 $ 3,100 $ 3.00 Total 10,000 $ 30,100 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 $14,200 $21,400 2,500 Job M $8,000 $8,000 4,000 1,000 2,500 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.)

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

Implementing An Audit Programme Developing And Implementing A Healthcare Audit Programme

Authors: Achal Kumar Gupta

1st Edition

3659298883, 978-3659298882

More Books

Students also viewed these Accounting questions

Question

What is the sales price variance?

Answered: 1 week ago