Tots Question 15 Stockmaster Corporation has two manufacturing departments Forming and Assembly. The compared the following data at the beginning of the year to calculate predetermined overhead rates Forming Assembly Total 5.000 Estimated total machine-hours (MHS) 5.000 10.000 Estimated total fixed manufacturing overhead cost $ 27,000 $10.500 $ 37.500 Estimated variable manufacturing overhead cost per MH $ 1.10 $ 2.80 During the most recent month, the company started and completed two jobs - Job C and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job C Job H Direct materials $ 11,200 $ 7.500 Direct labor cost $ 21,900 $ 7,800 3.400 1,600 Forming machine-hours Assembly machine-hours 2.000 3,000 costo During the most recent month the company started and completed two and Job There were beginning inventores Data concerning those twejobs follow Jobc Job Direct materials $ 11.200 $ 7.500 Direct labor cost $ 21,900 $ 7.000 Forming machine-hours 3400 1.600 Assembly machine-hours 2000 3.000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: $96.989 $88.172 $25.192 562.980