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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 rates:
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) 6,500 Estimated total fixed manufacturing overhead cost $ 16,000 Estimated variable manufacturing overhead cost per $ 1.00 Finishing 3,500 $ 4,100 $ 2.00 Tota. 10,000 $ 20,100 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 $ 15,300 $ 22,200 2,500 2,500 Job M $9,000 $8,900 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 Choice 0 $54,300 $87,900 o $16,290 o
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