Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Milling Customizing Machine-hours 15,000 20,000 Direct labor-hours 11,000 5,000 Total fixed manufacturing overhead cost $ 82,500 $ 29,500 Variable manufacturing overhead per machine-hour $ 2.00

Milling Customizing Machine-hours 15,000 20,000 Direct labor-hours 11,000 5,000 Total fixed manufacturing overhead cost $ 82,500 $ 29,500 Variable manufacturing overhead per machine-hour $ 2.00 Variable manufacturing overhead per direct labor-hour $ 4.10 During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 60 10 Direct labor-hours 50 40 Direct materials $ 690 $ 220 Direct labor cost $ 740 $ 660 If the company marks up its manufacturing costs by 10% then the selling price for Job A319 would be closest to: Note: Round your intermediate calculations to 2 decimal places

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

Cost Accounting Principles

Authors: Kinney Raiborn

14th Edition

9788131521069

More Books

Students also viewed these Accounting questions