Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paxson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate

image text in transcribed
Paxson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,000 Total fixed manufacturing overhead costs $180,000 Variable manufacturing overhead cost per machine-hour $2.00 Recently, Job D300 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 22 Direct materials $400 Direct labor cost $200 If the company marks up its unit product costs by 30%, then the selling price for a unit in Job D300 is closest to: (Round your intermediate calculations to 2 decimal places.) HINT: Calculate the job cost sheet and multiply your answer by 1.3 to arrive at selling price for all units and then you can convert your answer back into units. $64.40 $100.88 $1008.80 $644

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

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

8th edition

978-1118953815, 978-1118953907

More Books

Students also viewed these Accounting questions

Question

Just how crucial is the problem?

Answered: 1 week ago