Need this asap will kindly upvote Opunui Corporation has two manufacturing departments--Molding and...

60.1K

Verified Solution

Question

Accounting

Need this asap will kindly upvote
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:
MoldingFinishingTotalEstimated total machine-hours (MHs)3,2501,7505,000Estimated total fixed manufacturing overhead cost$ 16,000$ 3,200$ 19,200Estimated variable manufacturing overhead cost per MH$ 1.50$ 3.00
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 AJob MDirect materials$ 14,500$ 8,200Direct labor cost$ 21,400$ 8,200Molding machine-hours1,2502,000Finishing machine-hours1,250500
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students