Opunul 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: Total 10,000 $ 26,600 Molding Finishing Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost 6,500 $ 24,000 3,500 $ 2,600 Estimated variable manufacturing overhead cost per MHS 2.50 5.00 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 $7,700 $7,600 Direct materials $13,700 $20,800 2,500 2,500 Direct labor cost Molding machine-hours Finishing machine-hours 4,000 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to JobM is closest to: (Round "Predetermined overhead rate" to 2 decimal pleces.) Multiple Cholce S30.200 $7.600 $45.500 $7700

Opunul 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: Total 10,000 $ 26,600 Molding Finishing Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost 6,500 $ 24,000 3,500 $ 2,600 Estimated variable manufacturing overhead cost per MHS 2.50 5.00 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 $7,700 $7,600 Direct materials $13,700 $20,800 2,500 2,500 Direct labor cost Molding machine-hours Finishing machine-hours 4,000 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to JobM is closest to: (Round "Predetermined overhead rate" to 2 decimal pleces.) Multiple Cholce S30.200 $7.600 $45.500 $7700

Name: Opunul Corporation has two manufacturing departments--Molding and Fin
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Opunul 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:MoldingFinishingTotalEstimated total machine-hours (MHs)6,5003,50

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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