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Business, 29.01.2021 02:00 Ashlynnocean6305
Koelsch Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine-hours (MHs) 1,000 9,000 10,000 Estimated total fixed manufacturing overhead cost $4,000 $25,200 $29,200 Estimated variable manufacturing overhead cost per machine-hour $ 2.00 $ 3.00 During the most recent month, the company started and completed two jobs--Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job F Job K Direct materials $12,300 $8,400 Direct labor cost $18,200 $6,800 Molding machine-hours 700 300 Customizing machine-hours 3,600 5,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job K is closest to: (Round your intermediate calculations to 2 decimal places.)
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Koelsch Corporation has two manufacturing departments--Molding and Customizing. The company used the...
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