Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Exh 16 Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year

image text in transcribed
image text in transcribed
Help Save & Exh 16 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: 3.33 points Molding Estimated total machine-hours (MHS) 3,250 Estimated total fixed manufacturing overhead cost $ 17,000 Estimated variable manufacturing overhead cost $ 3.00 per MH Finishing 1,750 $ 6,100 $ 6.00 Total 5,000 $ 23,100 8 01:48:07 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: Job A $17,300 $24,200 1,250 Job M $11,100 $10,700 2,000 Direct materials Direct labor cost Molding machine- hours Finishing machine-hours 500 1,250 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round yo Intermediate calculations to 2 decimal places.) P 28 Multiple Choice $88,445 $63,175 $106,525 $25,270

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

Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets

Authors: Pasiouras Fotios

1st Edition

9812565183, 9789812565181

More Books

Students also viewed these Accounting questions

Question

Name two isotopes that undergo nuclear fission?

Answered: 1 week ago

Question

Differentiate between gender equality and gender equity.

Answered: 1 week ago