Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes apredetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours andthe Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had madethe following estimates:Machine-hoursJob A319:Machine-hoursDirect labor-hoursTotal fixed manufacturing overhead costVariable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hourDuring the current month the company started and finished Job A319. The following data were recorded for this job:Direct labor-hoursDirect materialsDirect labor costMilling6020$ 655$ 400Milling18,0004,000$ 113,400$ 1.60Customizing1060$ 305$ 1,200Customizing13,0007,000$ 64,400$ 3.90If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round your intermediate calculationsto 2 decimal places.) O$764.00$3,820.00$5,042.00$4,584.00

Manufacturing Cost Manufacturing cost is defined as the combination of all the expenses incurred…

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: Customizing 10 60 $ 305 1,200 Direct labor-hours Direct materials Direct labor cost Milling 60 20 $ 655 $ 400 Milling 18,000 4,000 $ 113,400 $ 1.60 $ 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: Customizing 10 60 $ 305 1,200 Direct labor-hours Direct materials Direct labor cost Milling 60 20 $ 655 $ 400 Milling 18,000 4,000 $ 113,400 $ 1.60 $ 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.)

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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Please help me. Thankyou.
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