Help Save &E he beginning of the year to calculate predetermined overhead rates: Machining Finishing Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost 26,500 13,500 Estimated variable manufacturing overhead cost 2.00 3.00 per MH Total 10,000 40,000 5,000 5,000 During the most recent month, the company started and completed two jobs-Job C and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job C Job L Direct materials 12,500 8,200 Direct labor cost $20,200 6,400 Machining machine- 3,400 1,600 hours Finishing machine- hours 3,000 2,000 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 20% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: (Round your intermediate calculations to 2 decimal places.) Prev 1 of 15 Next >