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Kluth Corporation has two manufacturing departments - - Molding and Customizing. The company used the following data at the beginning of the year to calculate
Kluth Corporation has two manufacturing departmentsMolding and Customizing. The company used the following data at the
beginning of the year to calculate predetermined overhead rates:
During the most recent month, the company started and completed two jobsJob C and Job M There were no beginning inventories.
Data concerning those two jobs follow:
Required:
Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in both
production departments. Further assume that the company uses a markup of on manufacturing cost to establish selling prices.
Calculate the selling prices for Job C and for Job MDo not round intermediate calculations.
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