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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:
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: ing Cust 1000 ing Estimated total machine-hours (MHs) 9.000 10,000 $29,200 Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $4,000 $25,200 s 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 rials Direct Direct labor cost $18,200 $6,800 Molding machine-hours 700 300 Customizing machine- hours 3,600 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 seling price for Job K is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $72.561 $79817 $24187 $48.374
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