Answered step by step
Verified Expert Solution
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
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) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 4,000 $ 29,000 $ 1.50 Finishing 1,000 Total 5,000 $ 4,900 $ 33,900 $ 3.00 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 Mi $ 9,900 Job A $ 16,700 $ 23,400 2,700 400 $ 10,300 1,300 600 Direct labor cost Molding machine-hours Finishing machine-hours 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 Note: Round your intermediate calculations to 2 decimal places. Multiple Choice $36.502 Drau 10 Nevt
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started