Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLTO Corporation has two manufacturing departments: Machining and Customizing The company used the following data at the begyrming of the year to calculate its predeloonined

image text in transcribedimage text in transcribedimage text in transcribed

PLTO Corporation has two manufacturing departments: Machining and Customizing The company used the following data at the begyrming of the year to calculate its predeloonined overhead rate: Machining Customizing 5.000 5,000 $22,000 $11,500 Total machine hours (MHs) Total fixed manufacturing overhead cost Variable manufacturing overhead cost $ 1.80 $3.00 per MH During the most recent month the conipany started and completed two jolis: Job A and Job B. There were no beginning inventories. Data conting these jobs are as follows: Job A Job B Direct materials $12,800 $7,000 Direct labor $17,600 $7.700 Machining machine hours 3,400 1,600 Customizing machine 2,000 3,000 1 hours Assume the company uses a plantwide predelermined overhead rate ba on machine hours. If both jobs were sold during the month, then what was PLTO's cost of goods sold for the month? $61,450 $41,150 $110,808 $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

Forensic Accounting In Detecting Financial Frauds

Authors: Motilal Balram Bhavnani

1st Edition

979-8889950707

More Books

Students also viewed these Accounting questions

Question

List the advantages and disadvantages of the pay programs. page 505

Answered: 1 week ago