Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:     Molding Finishing Total Estimated total machine-hours (MHs) 4,000 1,000 5,000 Estimated total fixed manufacturing overhead cost $ 19,600 $ 2,400 $ 22,000 Estimated variable manufacturing overhead cost per machine-hour $ 1.10 $

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

 

  Molding Finishing Total
Estimated total machine-hours (MHs) 4,000 1,000 5,000
Estimated total fixed manufacturing overhead cost $ 19,600 $ 2,400 $ 22,000
Estimated variable manufacturing overhead cost per machine-hour $ 1.10 $ 2.10  

 

During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow:

 

  Job A Job M
Direct materials $ 13,600 $ 7,500
Direct labor cost $ 20,700 $ 7,400
Molding machine-hours 2,700 1,300
Finishing machine-hours 400 600

 

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your intermediate calculations to 2 decimal places.)

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