narubhai Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system acomputes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rabased on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At thebeginning of the current year, the company had made the following estimates:Machine-hoursJob A319:Machine-hoursDirect labor-hoursDirect materialsDirect labor costDirect labor-hoursTotal fixed manufacturing overhead costVariable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hour$4.40During the current month the company started and finished Job A319. The following data were recorded for this job:Milling4030$ 400$ 570MillingCustomizing3040$ 200$ 60026,00011,000$ 91,000$ 2.00Customizing10,0008,000$ 44,000If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round yourintermediate calculations to 2 decimal places.)

The overhead is applied to the production on the basis of the pre-determined overhead rate. The…

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing syste computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Job A319: Machine-hours Direct labor-hours Direct materials Direct labor cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour During the current month the company started and finished Job A319. The following data were recorded for this job: Milling 40 30 $ 400 $ 570 Customizing 30 40 Milling $200 $ 600 26,000 11,000 $ 91,000 $ 2.00 Customizing 10,000 8,000 $ 44,000 $4.40 If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round your intermediate calculations to 2 decimal places.)

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing syste computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Job A319: Machine-hours Direct labor-hours Direct materials Direct labor cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour During the current month the company started and finished Job A319. The following data were recorded for this job: Milling 40 30 $ 400 $ 570 Customizing 30 40 Milling $200 $ 600 26,000 11,000 $ 91,000 $ 2.00 Customizing 10,000 8,000 $ 44,000 $4.40 If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round your intermediate calculations to 2 decimal places.)

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 8P: Premier Products Inc. has three departments and uses the process cost system of accounting. A...

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