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Please help, thank you! Kluth Corporation has two manufacturing departments. Molding and Customizing. The company used the following data at the beginning of the year

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Kluth Corporation has two manufacturing departments. Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine hours () Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M Molding customizing 14,000 2,900 $35,000 $8,990 $ 2.00 $6.00 Total 16,900 $43,990 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Customizing machine-hours Job C Job M $16,000 $9,400 $22,700 59,700 1,250 12,750 2,400 500 Required: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling price for Job C Selling price for Job M Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead tate for the current year on the following data. Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 30,700 $337,700 $ 4.00 Recently, Job T687 was completed with the following characteristics Number of units in the job Total machine-hours Direct materials Direct labor cost 10 20 $575 $1,150 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to (Round your intermediate calculations to 2 decimal places)

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