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Madole Corporation has two production departments, Forming and Customizing. The company Forming Customizin Machine-hours 12,000 2,000 Direct labor-hours 3,000 9,000 Total fixed manufacturing overhead cost

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Madole Corporation has two production departments, Forming and Customizing. The company Forming Customizin Machine-hours 12,000 2,000 Direct labor-hours 3,000 9,000 Total fixed manufacturing overhead cost $156,000 $60,000 Variable manufacturing overhead per machine-hour $2.00 Variable manufacturing overhead per direct labor-hour $4.00 During the current month the company started and finished Job K973. The following data were recorded for this job: Customizin Job K973: Forming Machine-hours 70 15 Direct labor-hours 10 60 Direct labor rate per hour S 15 S 20 Direct materials used S 500 S 700 1 Calculate POHR for the two departments 2 Calculate the total overhead applied to Job K973 in both departments. 3 Calculate the total manufacturing cost (job cost) of Job K973 4 If there is a pricing policy of charging a mark-up plus of 65%, what is the price of this job

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