Problem $3$

Nicholas 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:

During the most recent month, the company started and completed two jobs$--$Job W and Job X$.$

There were no beginning inventories. Data concerning those two jobs follow:

Assume that the company uses a departmental predetermined overhead rate based on machine$-$

hours as the allocation base for both production departments. Further assume that the company

uses a markup of $20\%$ on manufacturing cost to establish selling prices.

Required:

Calculate the selling prices for Job W and for Job X$.$