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please show the work so i can understand how to solve. TB MC Qu. 2-191 Comans Corporation has two... Comans Corporation has two production departments,
please show the work so i can understand how to solve.
TB MC Qu. 2-191 Comans Corporation has two... 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 15,000 20,000 Direct labor-hours 11,000 5,888 Total fixed manufacturing overhead cost $82,500 $29,500 Variable manufacturing overhead per machine-hour $ 2.00 Variable manufacturing overhead per direct labor hour $4.10 During the current month the company started and finished Job A319. The following data were recorded for this job Job A319: Machine-hours Milling 60 Customizing 10 During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 60 10 Direct labor hours 40 Direct materials $ 690 $ 220 Direct labor cost $ 740 $660 50 + It 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.) Multiple Choice Step by Step Solution
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