Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TB MC Qu. 2-113 Opunul Corporation has two manufacturing... Opunul Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at

image text in transcribed
TB MC Qu. 2-113 Opunul Corporation has two manufacturing... Opunul 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 Estimated total machine-hours (MS) 6,500 Estimated total fixed manufacturing overhead cont $ 29,000 Estimated variable manufacturing overhead cost $ 2.50 per M Finishing 3,500 $6,000 $ 5.00 Total 10,000 $35,000 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 $17,200 $24,100 2,500 Job M $10,900 $10,600 4,000 Direct materials Direct labor cost Molding machine- hours Finishing machine-hours 1,000 2,500 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-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.)

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

Bookkeeping And Auditing A Career Guide

Authors: Harry Watts

1st Edition

1639878106, 1639878106

More Books

Students also viewed these Accounting questions

Question

=+5.14. Let f (x) be n2x or 2n -n2x or 0 according as 0 5x

Answered: 1 week ago