Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Opunul Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead
Opunul 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 Estimated total machine-hours (MHS) 4,000 Estimated total fixed manufacturing overhead cost $ 30,000 Estimated variable manufacturing overhead cost $ 2.00 per MH Finishing 1,000 $3,400 $ 4.00 Total 5,000 $ 33,400 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 Job A $14,700 $21,600 2,700 400 Job M $8,400 $8,400 1,300 600 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 S0252 58,400 58,400 $34,052
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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