Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer the question using multiple choice. Opunui Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning
please answer the question using multiple choice.
Opunui 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 3,250 $ 22,000 $ - 1.50 Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Finishing 1,750 $ 2,700 $ Total 5,000 $ 24,700 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 Direct labor cost Molding machine-hours Finishing machine-hours JobA $13,900 $21,000 1,250 1,250 Job M $7,800 $7,800 2,000 500 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.) Multiple Choice O $17,425 O $7,800 O O $33,025 $7.800Step 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