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:Molding6,500$ 29,000FinishingTotalEstimated total machine-hours (MHs)3,50010,000Estimated total fixed manufacturing overhead cost$ 6,000$ 35,000Estimated variable manufacturing overhead cost per MH2$2.502$5.00During 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:Job AJob MDirect materials$17,200$24,1002,5002,500$10,900$10,6004,0001,000Direct labor costMolding machine-hoursFinishing machine-hoursAssume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. The calculated selling price for Job A isclosest to: (Round your Intermedlate calculatlons to 2 decimal places.)Multiple Cholce$75,700$90,840$144,450$15,140

The following formulas will be used to reach the selling price: Estimated total variable cost =…

Answered: Assume that the company uses a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your Intermedlate calculations to 2 decimal places.)