Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead

image text in transcribed

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 22,000 direct labor-hours, total fixed manufacturing overhead cost of $195,800, and a variable manufacturing overhead rate of $4.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 250 $ 500 $5,800 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your intermediate calculations and final answer to 2 decimal places.) Selling price per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trends In Managerial And Financial Accounting Volume 1

Authors: Cees Van Dam

1978 Edition

9020706934, 978-9020706932

More Books

Students also viewed these Accounting questions

Question

What is paper chromatography?

Answered: 1 week ago

Question

Explain the cost of capital.

Answered: 1 week ago

Question

Define capital structure.

Answered: 1 week ago