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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 predetermined overhead

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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 predetermined overhead rates: Molding Customizing Total Estimated total machine - hours (MH) 7,000 3,800 10,800 Estimated total fixed manufacturing overhead cost $18,200 $7,600 $25,800 Estimated variable manufacturing overhead cost per MH $ 1.50 $5.00 During the most recent month, the company started and completed two jobs-- Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Customizing machine-hours Job C Job M $16,900 $10,380 $23,600 $10,600 1,250 5,750 3,300 580 Required: 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. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling price for Job C Selling price for Job M

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