Kiddie Corp. uses a plantwide predetermined overhead rate based on machine-hours. The estimated costs for this...
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Kiddie Corp. uses a plantwide predetermined overhead rate based on machine-hours. The estimated costs for this rate were total fixed manufacturing overhead cost of $198,000, variable manufacturing overhead of $3.00 per machine-hour, and 10,000 machine-hours. The details for Job B5 which was recently completed are: Number of units in the job Total machine-hours Direct materials Direct labor cost 24 80 $ 500 $2.000 A If the company marks up its unit product costs by 40%, what is the selling price for a single unit in Job B5, without rounding the overhead rate and reporting the selling price as a whole number? Kiddie Corp. uses a plantwide predetermined overhead rate based on machine-hours. The estimated costs for this rate were total fixed manufacturing overhead cost of $198,000, variable manufacturing overhead of $3.00 per machine-hour, and 10,000 machine-hours. The details for Job B5 which was recently completed are: Number of units in the job Total machine-hours Direct materials Direct labor cost 24 80 $ 500 $2.000 A If the company marks up its unit product costs by 40%, what is the selling price for a single unit in Job B5, without rounding the overhead rate and reporting the selling price as a whole number?
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To calculate the selling price for a single unit in Job B5 we need to determine the total ma... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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