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Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:
Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total Estimated total machine-hours (MHs) 3, 250 1, 750 5,006 Estimated total fixed manufacturing overhead cost $ 30,000 $ 6,600 $ 36, 600 Estimated variable manufacturing overhead cost per MH $ 1.00 $ 2.00 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two obs follow: Job A Job M Direct materials $ 17,700 $ 11, 600 Direct labor cost $ 24,600 $ 11, 000 Molding machine-hours 1, 250 2, 060 Finishing machine-hours 1, 250 500 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 establish selling prices. The calculated selling price for Job A is closest to: Note: Round your intermediate calculations to 2 decimal places.03.3 0 Saved Help hours. The company based its predetermined overhead rate for the current year on 40,000 direct labor-hours, total fixed manufacturing overhead cost of $292,000. and a variable manufacturing overhead rate of $3.90 per direct labor-hour. Job X941. which was for 50 units of a custom product, was recently.r completed. The job cost sheet for thejob contained the following data: 2 Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- Total direct labor-hours 259 10_ Direct materials $ 589 ponts Direct labor cost 5 ?,689 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. Note: Round intermediate calculations and final answer to 2 decimal places. _:| eBook Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30, 300 Total fixed manufacturing overhead cost $ 575,700 Variable manufacturing overhead per machine-hour $ 4 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $ 1, 460 The amount of overhead applied to Job T687 is closest to: Note: Round your intermediate calculations to 2 decimal places
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