Question

Help Save 5 Et TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... 21 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: oints 8 00:58:20 Molding Estimated total machine-hours (MHS) 6,500 Estimated total fixed manufacturing overhead cost $ 27,000 Estimated variable manufacturing overhead cost per $ 1.50 MH Finishing 3,500 $ 3,100 $ 3.00 Total 10,000 $ 30,100 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: Direct materials Direct labor cost Molding machine- hours Finishing machine- hours Job A $14,200 $21,400 2,500 Job M $8,000 $8,000 4,000 1,000 2,500 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% 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.)

Answer 1

Solutiong 3D 100 Estimated total fired manufacturing cueghend Estimated totul variable manufacturing overhead 16500x1-5)+(3500x 3) Estimmted total manufacturing overhead 20250 50350 Total machine hours loooo plant wide predetermined overhead gate 5.035 JobA Direct materials 14200 Direct labor cost 21400 25175 overhead applied 1(25004 2.500)* 5035] Total manufacturing cost Add Markup @ 30% [60775X 307] Selling price per job a' Go775 18232.5 79007.5