Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLTO Corporation has iwo manufacturing departments: Machining and Customizing The company used the following date at the begining of the year to calculate its predeloonined

image text in transcribedimage text in transcribedimage text in transcribed

PLTO Corporation has iwo manufacturing departments: Machining and Customizing The company used the following date at the begining of the year to calculate its predeloonined overhead rate: Machining Customizing 5.000 5.000 Total machine hours (MHs) Total fixed manufacturing overhead cost $22.000 $11,500 Variable manufacturing overhead cost $ 1.80 $3.00 per MH During the most recent month. The company started and completed two jobs: Job A and Job B. There were no beginning inventories. Data concering these jobs are as follows: Job A Job B. Direct materials $12,800 $7.000 Direct labor $17.600 $7.700 Machining machine 3,400 1,600 hours Customizing machine 2.000 3,000 hours Assume the company uses a plantwide predetermined overhead rate based on machine hours. If both jolos were sold during the month, then what was PLTO's cost of goods sold for the month? $61,450 O $41.150 $110.808 O $102.600 None of the above

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

More Books

Students also viewed these Accounting questions