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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 6,500 Finishing 3,500 Estimated total machine-hours (MHS) Total 10,000 Estimated total fixed manufacturing overhead cost $ 29,000 Estimated variable manufacturing overhead cost per MH $ 2.50 $ 6,000 $ 5.00 $ 35,000 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 Job M $17,200 $10,900 $24,100 $10,600 2,500 2,500 4,000 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% 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.) Multiple Choice $75,700 $90,840 $144,450 $15,140
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