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) | 4,000 | 1,000 | 5,000 | |||
| Estimated total fixed manufacturing overhead cost | $ | 12,000 | $ | 4,100 | $ | 16,100 |
| Estimated variable manufacturing overhead cost per MH | $ | 3.00 | $ | 6.00 | ||
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 | $ | 15,700 | $ | 9,200 |
| Direct labor cost | $ | 22,500 | $ | 9,400 |
| Molding machine-hours | 2,700 | 1,300 | ||
| Finishing machine-hours | 400 | 600 | ||
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 "Predetermined overhead rate" to 2 decimal places.)
Multiple Choice
-
$12,958
-
$9,400
-
$31,558
-
$9,200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t
Authors: U. S. Government Accountability Office
1st Edition
1287232027, 978-1287232025
