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.)
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 12P: Overhead application rate Roll Tide Manufacturing Inc. uses a job order cost system and standard...
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![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
Job A319:
Machine-hours
Direct labor-hours
Total fixed manufacturing overhead 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:
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%2F30da02c1-a4fa-44e5-8122-811dc4853c02%2Feb6a3f71-fc62-44b3-b883-869230bbdef7%2Flcz87xa_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
Job A319:
Machine-hours
Direct labor-hours
Total fixed manufacturing overhead 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:
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.)
![O
$764.00
$3,820.00
$5,042.00
$4,584.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30da02c1-a4fa-44e5-8122-811dc4853c02%2Feb6a3f71-fc62-44b3-b883-869230bbdef7%2Fnwikyjh_processed.png&w=3840&q=75)
Transcribed Image Text:O
$764.00
$3,820.00
$5,042.00
$4,584.00
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