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: Estimated total sachine-hours (PH) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M Molding Customizing Total 7,000 3,400 10,400 $18,280 $8,500 $26,700 $1.50 $ 3.00 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 Job JobM Direct materials $16,500 $ 9,500 Direct labor cost. $23,200 $10,200 Molding machine hours 1,250 5,750 Customizing machine-hours, 2.50 500 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 300M

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