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TB Problem Qu. 2-272 Kluth Corporation has two manufacturing Kluth Corporation has two manufacturing departments--Molding...

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TB Problem Qu. 2-272 Kluth Corporation has two manufacturing Kluth 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) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 6,000 $15,000 $ 2.50 9,000 $9,600 $24,600 3,000 4.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Customizing machine-hours Job C Job M $16,200 $9,500 $22,900 $ 9,900 2,700 3,300 600 2,400 Required 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 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M. (Do not round intermediate calculations.) Selling price for Job C50,110 Selling price for Job M50,110

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