Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
|Total fixed manufacturing overhead cost||$||92,800||$||36,000|
|Variable manufacturing overhead per machine-hour||$||1.90|
|Variable manufacturing overhead per direct labor-hour||$||3.40|
During the current month the company started and finished Job A319. The following data were recorded for this job:
|Direct labor cost||$||760||$||540|
If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-22, Garrison 16e Rechecks 2019-08-02
If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to:-
Please Rate and comment. Happy learning.
Get Answers For Free
Most questions answered within 1 hours.