Atteberry Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:                       Machining            Finishing                Total Estimated total machine-hours (MHs)                6,000                  4,000                 10,000 Estimated total fixed manufacturing overhead cost     $              30,000  $            11,200  $              41,200 Estimated variable manufacturing overhead cost per MH   $              2.00      $            2.40                         During the most recent month, the company started and completed two jobs--Job E and Job L. There were no beginning inventories. Data concerning those two jobs follow:                       Job E     Job L Direct materials $            13,400  $              9,100 Direct labor cost             $              24,500  $            7,000 Machining machine-hours                        4,100                 1,900 Finishing machine-hours                           1,600                 2,400   Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job E is closest to:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Atteberry Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

 

 

 

 

              Machining            Finishing                Total

Estimated total machine-hours (MHs)                6,000                  4,000                 10,000

Estimated total fixed manufacturing overhead cost     $              30,000  $            11,200  $              41,200

Estimated variable manufacturing overhead cost per MH   $              2.00      $            2.40                      

 

During the most recent month, the company started and completed two jobs--Job E and Job L. There were no beginning inventories. Data concerning those two jobs follow:

 

 

 

 

              Job E     Job L

Direct materials $            13,400  $              9,100

Direct labor cost             $              24,500  $            7,000

Machining machine-hours                        4,100                 1,900

Finishing machine-hours                           1,600                 2,400

 

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job E is closest to:

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