Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's hours and the Customizing Department's predetemined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling 22,000 Customizing Machine-hours Direct labor-hours 25,000 6,000 $19, 200 10,000 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- $70,400 $ 1.00 $ 4.60 hour During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 30 10 Direct labor-hours 40 30 Direct materials Direct labor cost $ 770 $ 420 $ 220 $ 660 If the company marks up Its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Cholce $2.940 $2673

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's hours and the Customizing Department's predetemined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling 22,000 Customizing Machine-hours Direct labor-hours 25,000 6,000 $19, 200 10,000 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- $70,400 $ 1.00 $ 4.60 hour During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 30 10 Direct labor-hours 40 30 Direct materials Direct labor cost $ 770 $ 420 $ 220 $ 660 If the company marks up Its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Cholce $2.940 $2673

Name: Comans Corporation has two production departments, Milling and Custom
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Description: Comans Corporation has two production departments, Milling and Customizing. The company uses a Job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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