Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:
| Molding | Customizing | Total | ||||
| Estimated total machine-hours (MHs) | 6,000 | 1,200 | 7,200 | |||
| Estimated total fixed manufacturing overhead cost | $ | 15,000 | $ | 4,560 | $ | 19,560 |
| Estimated variable manufacturing overhead cost per MH | $ | 2.50 | $ | 5.00 | ||
During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow:
| Job C | Job M | |||||
| Direct materials | $ | 13,700 | $ | 7,700 | ||
| Direct labor cost | $ | 20,800 | $ | 7,600 | ||
| Molding machine-hours | 2,500 | 3,500 | ||||
| Customizing machine-hours | 200 | 1,000 | ||||
Required:
Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.)
Homework Answers
| Predetermined overhead rate: | ||
| Molding | 5.00 | =2.5+(15000/6000) |
| Customizing | 8.80 | =5+(4560/1200) |
| Job C | Job M | |
| Direct materials | 13700 | 7700 |
| Direct labor cost | 20800 | 7600 |
| Overhead: | ||
| Molding | 12500 | 17500 |
| Customizing | 1760 | 8800 |
| Total cost | 48760 | 41600 |
| Add: Markup @20% | 9752 | 8320 |
| Selling price | 58512 | 49920 |
| Selling price for Job C | 58512 | |
| Selling price for Job M | 49920 | |
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Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine-hours (MHs) 11,000 1,500 12,500 Estimated total fixed manufacturing overhead cost $ 38,500 $ 4,200 $ 42,700 Estimated variable manufacturing overhead cost per MH $ 3.00 $ 6.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 3,400 $ 18,200 $8,500 $ 1.50 $ 3.00 Total 10,400 $26,700 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee beginning of the year to calculate predetermined overhead rates Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 1,800 15,800 14,000 $35,000 $ 2.00 $5,040 $40,040 4.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories Data concerning those two jobs...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine - hours (MH) 7,000 3,800 10,800 Estimated total fixed manufacturing overhead cost $18,200 $7,600 $25,800 Estimated variable manufacturing overhead cost per MH $ 1.50 $5.00 During the most recent month, the company started and completed two jobs-- Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MS) Estimated total fixed manufacturing overhead coat Estimated variable manufacturing overhead cost per MH. Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those...
2019 Kluth Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at...
2019 Kluth Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates Estinated total machine-hours (MHs Estimated total fixed manufacturing overhead cost Estinated variable manufacturing overhead cost per MH2.504.00 6,000 3,000 9, 000 15, 000 9, 600 24, 600 recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventa Data concerning those two jobs follow Job C Job...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 1,300 $18,200 $4,550 $ 1.50 $ 3.00 Total 8,300 $22,750 During the most recent month, the company started and completed two jobs--Job C and Job...
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TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments-Moking and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Mus) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M1 Molding Customizing Total 7,099 2 ,400 9,409 $18,289 $ 9,600 $27,889 $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs-Job C...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable nanufacturing overhead cost per MH Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 01:19:03 During the most recent month, the company started and completed two...
Kluth C beginning of the year to calculate predetermined overhead rates: tion has two manufacturing departments-Molding...
Kluth C beginning of the year to calculate predetermined overhead rates: tion has two manufacturing departments-Molding and Customizlng. The company used the following data at the 6,000 $15,000 1,200 7,200 Estimated total fixed manufacturing overhead cost $ 2.50 5.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job C Job M $13,700 $7,700 $20,800 $7,600 2,500 3,500 200 1,000 Direct labor...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 3,400 $ 18,200 $8,500 $ 1.50 $ 3.00 Total 10,400 $26,700 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee beginning of the year to calculate predetermined overhead rates Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 1,800 15,800 14,000 $35,000 $ 2.00 $5,040 $40,040 4.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories Data concerning those two jobs...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine - hours (MH) 7,000 3,800 10,800 Estimated total fixed manufacturing overhead cost $18,200 $7,600 $25,800 Estimated variable manufacturing overhead cost per MH $ 1.50 $5.00 During the most recent month, the company started and completed two jobs-- Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MS) Estimated total fixed manufacturing overhead coat Estimated variable manufacturing overhead cost per MH. Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those...
2019 Kluth Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates Estinated total machine-hours (MHs Estimated total fixed manufacturing overhead cost Estinated variable manufacturing overhead cost per MH2.504.00 6,000 3,000 9, 000 15, 000 9, 600 24, 600 recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventa Data concerning those two jobs follow Job C Job...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 1,300 $18,200 $4,550 $ 1.50 $ 3.00 Total 8,300 $22,750 During the most recent month, the company started and completed two jobs--Job C and Job...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments-Moking and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Mus) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M1 Molding Customizing Total 7,099 2 ,400 9,409 $18,289 $ 9,600 $27,889 $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs-Job C...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable nanufacturing overhead cost per MH Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 01:19:03 During the most recent month, the company started and completed two...
Kluth C beginning of the year to calculate predetermined overhead rates: tion has two manufacturing departments-Molding and Customizlng. The company used the following data at the 6,000 $15,000 1,200 7,200 Estimated total fixed manufacturing overhead cost $ 2.50 5.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job C Job M $13,700 $7,700 $20,800 $7,600 2,500 3,500 200 1,000 Direct labor...
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