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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 $16,000 Estimated variable manufacturing overhead cost per $ 2.00 Finishing 3,500 $ 5,000 $ 4.00 Total 10,000 $ 21,000 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 Job A $16,300 Job M $10,100 Direct labor cost $23,300 $ 9,800 Molding machine-hours Finishing machine-hours 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 30% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round "Predetermined overhead rate" to 2 decimal places.) Multiple Choire
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