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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: Estimated total machine-hours (MHS) Molding 6,500 Estimated total fixed manufacturing overhead cost $ 11,000 Estimated variable manufacturing overhead cost per MH $ 2.50 Finishing 3,500 $ 3,600 $ 5.00 Total 10,000 $ 14,600 Help Save & Ex 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 Direct labor cost Molding machine-hours $14,700 $8,500 $21,800 $8,300 2,500 4,000 Finishing machine-hours 2,500 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% 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 O $109.050 $24.280 $60.700 $84,980
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