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Kalp Corporation has two production departments. Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production

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Kalp Corporation has two production departments. Machining and Finishing. The company uses a job-order costing system and computes 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 direct labor-hours. At the beginning of the current yeat, the company had made the following estimates. During the current month the company started ond finished Job K928. The following data were recorded for this job: If the company marks up its manufacturing costs by 20% then the seling price for Job K928 would be closest to: Note: Round your intermediate calculations to 2 decimal places

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