Question
Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $546,700, variable manufacturing overhead of $2.00 per machine-hour, and 77,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed:
| Number of units in the job | 20 | |
| Total machine-hours | 80 | |
| Direct materials | $ | 840 |
| Direct labor cost | $ | 1,680 |
If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
-
$214.88
-
$162.40
-
$32.48
-
$194.88
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