Answered step by step
Verified Expert Solution
Link Copied!

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 rates:

image text in transcribed
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 4,000 $ 12,000 $ 3.00 Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Finishing 1,000 $ 4,100 $ 6.00 Total 5,000 $ 16,100 31 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 JobA $15,700 $22,500 2,700 400 JobM $9,200 $9,400 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 your intermediate calculations to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds

9th Edition

1260565483, 9781260565485

More Books

Students also viewed these Accounting questions

Question

In what research projects are your students currently involved?

Answered: 1 week ago

Question

Solve for all values of x: 8- = x+1 1 x+1

Answered: 1 week ago

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago