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select answer choice Upunu Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate
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Upunu Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates Molding Finishing Estimated total machine-hours (MH) Total 6,500 3,500 10,000 Estimated total fixed manufacturing overhead cost $ 29,000 $ 6,000 $ 35,000 Estimated variable manufacturing overhead cost per machine-hour $ 2.50 $ 5.00 During the most recent month, the company started and completed two jobs-Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow Job A Job M Direct materials $ 17,200 $ 10,900 Direct labor cost $ 24,100 $ 10,600 Molding machine-hours 2,500 4,000 Finishing machine-hours 2,500 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machino-hours and uses a markup of 20% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to (Round your intermediate calculations to 2 decimal places) Multiple Choice $75.700 Multiple Choice O $75,700 O $144,450 $90,840 O $15,140 Step by Step Solution
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