Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nielsen Corporation has two manufacturing departments-Machining and Assembly. The company used the following dets at the beginning of the year to calculate predetermined overhead roles

image text in transcribed

Nielsen Corporation has two manufacturing departments-Machining and Assembly. The company used the following dets at the beginning of the year to calculate predetermined overhead roles Machining Assembly Total Eatinted total machine-hoats (a 1.000 4,000 5.000 Eatinted total fixed manufacturing overhead cost 4.700 * 10,300 $ 15,500 Estimated variable manufacturing overhead coat per 5 1.20 + 2.20 During the most recent month, the company started and completed wojobs-Job Fand Job M. There were no beginning inventories. Data concerning those two jos follow Direct haterials Direct Labor cast Machining machine-har Assembly machine-hours Job $13,000 $20,400 700 1,600 Job M *7.400 $3,800 300 2,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours and uses a markup of 40% on manufacturing cost to estab selling prices. The calculated selling price for Job Mis closest Round your intermediate alla decimal place Mutiple Choice STS 50195 O $46154 o $29.970 Next

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_2

Step: 3

blur-text-image_3

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

Audit And Accounting Guide Employee Benefit Plans

Authors: American Institute Of Certified Public Accountants

1st Edition

0870515756, 978-0870515750

More Books

Students also viewed these Accounting questions

Question

Why might a host country intervene in foreign direct investment?

Answered: 1 week ago

Question

65. Consider Example 2.48. Find Cov(Xi , Xj) in terms of the ars.

Answered: 1 week ago