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Koelsch 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:

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Koelsch 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 1,000 9,000 10,000 Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $4,000 $25,200 $29,200 2.00 3.00 During the most recent month, the company started and completed two jobs-Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow Job F Job K Direct materials Direct labor cost Molding machine-hours Customizing machine- hours $12,300 $8,400 $18,200 $6,800 700 300 3,600 5,40d Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job K is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $72,561 $79,817 $24,187 $48,374

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