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please help i do not understand this practice problem and cant find the right answer. managerial accounting Comans Corporation has two production departments, Milling and
please help i do not understand this practice problem and cant find the right answer. managerial accounting
Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling Customizing Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- 25,e00 15,eee $132,500 10, eee 4,000 $22,e0e 1.80 $ 3.90 hour During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Machine-hours Direct labor-hours Direct materials Direct labor cost Milling Customizing 70 20 30 40 $ 630 $ 740 $ 170 $ 510 If the company marks up its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your intermediate calculations to 2 decimal places.) $3,537 $3,215 $2,923 $292 Step by Step Solution
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