Question
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 | 5,000 | |||
Estimated total fixed manufacturing overhead cost | $ | 28,000 | $ | 5,200 | $ | 33,200 |
Estimated variable manufacturing overhead cost per MH | $ | 2.50 | $ | 5.00 | ||
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 jobs follow:
Job A | Job M | |||
Direct materials | $ | 16,900 | $ | 10,300 |
Direct labor cost | $ | 23,600 | $ | 10,600 |
Molding machine-hours | 1,250 | 2,000 | ||
Finishing machine-hours | 1,250 | 500 | ||
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28, 2017-09-05, 2017-09-14
Multiple Choice
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$45,950
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$10,300
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$10,600
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$25,050
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