Kluth Corporation has two manufacturing departments-Molding and Customizing. beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Ms) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Direct materials Direct labor cost Molding machine-hours Customizing machine-hours During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow. Job C $ 14,300 $ 21,200 2,500 500 elling price for Job C lling price for Job M Molding 11,000 $ 38,500 $ 3.00 Job M $ 8,000 $ 8,100 8,500 1,000 Customizing 1,500 $ 4,200 $ 6.00 equired: ssume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both roduction departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. alculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Total 12,500 $ 42,700

Kluth Corporation has two manufacturing departments-Molding and Customizing. beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Ms) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Direct materials Direct labor cost Molding machine-hours Customizing machine-hours During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow. Job C $ 14,300 $ 21,200 2,500 500 elling price for Job C lling price for Job M Molding 11,000 $ 38,500 $ 3.00 Job M $ 8,000 $ 8,100 8,500 1,000 Customizing 1,500 $ 4,200 $ 6.00 equired: ssume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both roduction departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. alculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Total 12,500 $ 42,700

Name: Kluth Corporation has two manufacturing departments-Molding and Custo
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Description: Kluth Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at thebeginning of the year to calculate predetermined overhead rates:Estimated total machine-hours (MMS)Estimated total fixed manufactu

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...

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Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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