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Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a the Customizing Department's predetermined overhead rate

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Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates Casting-Customizing Machine-hours 20,600 16,600 8,300 $83,000 Direct labor-hours 7,100 $140,080 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour $ 2.40 $ 4.80 During the current month the company started and finished Job T138. The following data were recorded for this job: casting Customizing 30 Job T138 80 Machine-hours Direct labor-hours 60 The amount of overhead applied in the Customizing Department to Job T138 is closest to: (Round your Infermediate calculations to 2 decimal Multiple Choice $122,840.00

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