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:Total5,000Finishing1,750$ 4,300$5.00$ 23,300Estimated total machine-hours (MHS)Estimated total fixed manufacturing overhead costEstimated variable manufacturing overhead cost per MHDuring 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:Direct materialsDirect labor costMolding machine-hoursFinishing machine-hoursMultiple ChoiceOAssume 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:Note: Round your Intermediate calculations to 2 decimal places.OO$23,160$57,900$81,060Job A$15,400$ 22,4001,2501,250$98,075Molding3,250$ 19,000$ 2.50Job M$ 9,200$ 9,1002,000500

Name: Opunui Corporation has two manufacturing departments --Molding and Fi
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Description: 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:Total5,000Finishing1,750$ 4,300$5.00$ 23,300Estimated total mach

The manufacturing costs comprise direct materials, direct labor and overhead applied costs. The…

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punul 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 Finishing 1,750 $ 4,300 $ 5.00 Estimated total machine-hours (PHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Direct materials Direct labor cost Molding machine-hours Finishing machine-hours uring 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 $ 15,400 $ 9,200 $ 22,400 $ 9,100 2,000 500 Multiple Choice OO ssume 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: ote: Round your Intermediate calculations to 2 decimal places. $23360 $57,900 Molding 3,250 $ 19,000 $ 2.50 1,250 1,250 $81,060 5,000 $ 23,300

punul 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 Finishing 1,750 $ 4,300 $ 5.00 Estimated total machine-hours (PHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Direct materials Direct labor cost Molding machine-hours Finishing machine-hours uring 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 $ 15,400 $ 9,200 $ 22,400 $ 9,100 2,000 500 Multiple Choice OO ssume 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: ote: Round your Intermediate calculations to 2 decimal places. $23360 $57,900 Molding 3,250 $ 19,000 $ 2.50 1,250 1,250 $81,060 5,000 $ 23,300

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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