Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

 

 

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Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $249,000, variable manufacturing overhead of $3.80 per machine- hour, and 30.000 machine hours. The company has provided the following data concerning Job X784 which was recently completed: Job Es manufacturing cost Number of units in the job 50 250 470 $ 5500 Total machine-hours Direct materials Direct labor cost If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to: O $53.97 O5233.87 $253.87 $155.22 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 Malding Estimated total madchine-hours (MHS) Estimated total fxed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Total 10,000 $ 4.000 $ 25.200 $ 29,200 Cstominng 9,000 1,000 2.00 $ 3,00 During the most recent month, the company started and completed two jobs-job Fand Job K. There were no beginning inventories. Data concerning those two jobs follow: Job F $ 12.100 S 8400 $ 18.200 S 6,800 700 3.600 Job K Direct materials Direct labor cost Molding machine hours Customizing machine hours 300 5,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50N on manufacturing cost to establish selling prices. The calculated selling price for Job Kis closest to $72.561 O$48,374 $24,187 $79,817 Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $249,000, variable manufacturing overhead of $3.80 per machine- hour, and 30.000 machine hours. The company has provided the following data concerning Job X784 which was recently completed: Job Es manufacturing cost Number of units in the job 50 250 470 $ 5500 Total machine-hours Direct materials Direct labor cost If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to: O $53.97 O5233.87 $253.87 $155.22 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 Malding Estimated total madchine-hours (MHS) Estimated total fxed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Total 10,000 $ 4.000 $ 25.200 $ 29,200 Cstominng 9,000 1,000 2.00 $ 3,00 During the most recent month, the company started and completed two jobs-job Fand Job K. There were no beginning inventories. Data concerning those two jobs follow: Job F $ 12.100 S 8400 $ 18.200 S 6,800 700 3.600 Job K Direct materials Direct labor cost Molding machine hours Customizing machine hours 300 5,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50N on manufacturing cost to establish selling prices. The calculated selling price for Job Kis closest to $72.561 O$48,374 $24,187 $79,817

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Question of Coates Corporation Option B 23387 is the Correct Answer Notes Total Cost of Job Direct M... View the full answer