Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the answer options are a) 3,139 b) 2,853 c) 259 d) 2,594 Com DUS 11, 18. 49. 1, Orect the Fotturing warte wieder facturing os

image text in transcribed
image text in transcribed
the answer options are
a) 3,139
b) 2,853
c) 259
d) 2,594
Com DUS 11, 18. 49. 1, Orect the Fotturing warte wieder facturing os 3. Dhe INC Rach Direct 18 oo o o o Comans Corporation has two production departments, Milling and Customizing. The company uses a job order costing system and computos a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Milling 16,000 18,000 $92,800 $ 1.20 Customizing 11,000 6,000 $28,800 Variable manufacturing overhead per direct $ 5.00 Labor-hour During the current month the company started and finished Job A219. The following data were recorded for this jobs Job A319: Machine-hours Direct labor-hours Direct materials Direct labor cost Milling Customizing 50 40 60 30 $430 $ 180 $ 800 $ 540 If the company marks up its manufacturing costs by 10 then the selling price for Job A319 would be 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

Construction Industry IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131920, 978-1304131928

More Books

Students also viewed these Accounting questions