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 Isbased on machine-hours and the Customizlng 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:MillingCustomizingMachine-hours16,00011,000Direct labor-hours18,0006,000Total fixed manufacturing overhead costVariable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hour$92,800$28,800$ 1.20$ 5.00During the current month the company started and finlshed Job A319. The following data were recorded for this Job:Job A319:MillingCustomizingMachine-hours5040Direct labor-hours6030Direct materials$ 430$ 800$ 180$ 540Direct labor costIf the company marks up Its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermedlate calculatlons to 2 decimal places.)Multiple Choice$3,139$2,853$2,594$259

In order to calculate total selling price of job A319, we have to first determine total cost and…

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If the company marks up its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (

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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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 Customizlng 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:
Milling
Customizing
Machine-hours
16,000
11,000
Direct labor-hours
18,000
6,000
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
$92,800
$28,800
$ 1.20
$ 5.00
During the current month the company started and finlshed Job A319. The following data were recorded for this Job:
Job A319:
Milling
Customizing
Machine-hours
50
40
Direct labor-hours
60
30
Direct materials
$ 430
$ 800
$ 180
$ 540
Direct labor cost
If the company marks up Its manufacturing costs by 10% then the selling price for Job A319 would be closest to: (Round your Intermedlate calculatlons to 2 decimal places.)
Multiple Choice
$3,139
$2,853
$2,594
$259

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