Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You received no credit for this question in the previous attempt View previous atte Comans Corporation has two production departments, Milting and Customizing. The company
You received no credit for this question in the previous attempt View previous atte Comans Corporation has two production departments, Milting and Customizing. The company uses a job order costing system and computes 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: Milling Customizing Machine-hours 16,000 11,000 Direct labor hours 18,000 6,000 Total fixed manufacturing overhead cost $92,800 $28,800 Variable manufacturing overhead per machine hour $ 1.20 Variable manufacturing overhead per direct labor hour $ 5.00 During the current month the company started and finished Job A319. The following data were recorded for this job Job A319 Machine-hours Direct labor-hours Direct materials Direct Labor cost Milling 50 60 $430 5800 Customizing 40 30 $180 5540 You received no credit for this question in the previous attempt View previous attempt of 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) 67 Multiple Choice $3130 526 You received no credit for this question in the previous attempt View previo $3,139 $2,594 $250 52.85
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started