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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: Finishing 3,500 Total 10,000 $ 3,100 $ 30,100 $ 3.00 Molding Estimated total machine-hours (MHs) 6,500 Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $ 27,000 $ 1.50 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 jobs follow. Direct materials Direct labor cost Molding machine-hours Finishing machine-hours Multiple Choice Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.) C $60,800 $79,040 Job A $ 14,200 $ 21,400 2,500 2,500 $111,150 Job M $8,000 $ 8,000 4,000 1,000
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