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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
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 Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost 1,000 $4,000 Estimated variable manufacturing overhead cost per MH $ 2.00 9,000 $25,200 $ 3.00 10,000 $29,200 D 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. Direct materials Direct labor cost Job F Job K $12,300 $8,400 $18,200 $6,800 Molding machine-hours Customizing machine-hours 700 3,600 300 5,400 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.)
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