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 based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the 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 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: Direct labor-hours Direct materials Direct labor cost Milling 60 20 $ 655 $ 400 Milling 18,000 4,000 $ 113,400 $ 1.60 Customizing 10 60 $ 305 $ 1,200 Customizing 13,000 7,000 $ 64,400 $3.90 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 system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the 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 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: Direct labor-hours Direct materials Direct labor cost Milling 60 20 $ 655 $ 400 Milling 18,000 4,000 $ 113,400 $ 1.60 Customizing 10 60 $ 305 $ 1,200 Customizing 13,000 7,000 $ 64,400 $3.90 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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 based on machine-hours and
the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the 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
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:
Direct labor-hours
Direct materials
Direct labor cost
Milling
60
20
$ 655
$ 400
Milling
18,000
4,000
$ 113,400
$ 1.60
Customizing
10
60
$ 305
$ 1,200
Customizing
13,000
7,000
$ 64,400
$ 3.90
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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b251960-2f48-41db-b0fd-f7e17c0a088a%2F679b85ae-7ca2-4a7e-adf9-5dd99173a987%2Fe8sodig_processed.png&w=3840&q=75)
Transcribed Image Text: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 based on machine-hours and
the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the 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
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:
Direct labor-hours
Direct materials
Direct labor cost
Milling
60
20
$ 655
$ 400
Milling
18,000
4,000
$ 113,400
$ 1.60
Customizing
10
60
$ 305
$ 1,200
Customizing
13,000
7,000
$ 64,400
$ 3.90
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.)
![$5,042.00
$4,584.00
$3,820.00
$764.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b251960-2f48-41db-b0fd-f7e17c0a088a%2F679b85ae-7ca2-4a7e-adf9-5dd99173a987%2Fb94h9f7o_processed.png&w=3840&q=75)
Transcribed Image Text:$5,042.00
$4,584.00
$3,820.00
$764.00
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