rates 3. Blue Devil Inc. has two manufacturing departments--Casting and Finishing. The company used the...

60.1K

Verified Solution

Question

Accounting

image
rates 3. Blue Devil Inc. has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead Casting Finishing Total Estimated total machine-hours (MHs) 2,000 8,000 10,000 Estimated total fixed manufacturing $ 10,200 $ 19,200 $ 29,400 overhead cost Estimated variable manufacturing $ 1.20 $ 2.20 overhead cost per machine-hour During the most recent month, the company started and completed a job-order - Job F. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Casting machine-hours Finishing machine-hours Job F $ 14,400 $ 22,500 1.400 3,200 Assume that the company uses departmental predetermined overhead rates with machine- hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. What is the total selling price for Job? (10 Points)

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