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Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and compotes a predetermined overhead rate in each
Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and compotes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on rect labor hours. At the beginning of the curent year the company had made the following estimates Machine-hours Dirent la boues Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct labor-hour Machining Finishing 19,000 13,000 2,000 8,000 $136,000 $40,000 $ 1.00 $3.20 During the current month the company started and freshest Job 928 The following data were reconded for the jo K Machine hours Direct labor-hours Direct materials Direct labor sost $775 the company marks up its manufacturing costs by 20% then the selling price f onest tu (Round your Intermediate calculations 2 decimal places Mulle Choce 427500 0 150000
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