Ch 02 Practice Assignment 19 Seve Help 0.5 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: points Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estinated variable manufacturing overhead cost per MH ellook Print Molding Customizing 11,000 $ 38,500 $ 3.00 Total 2,700 13,700 $ 8,370 $ 46,870 $6.00 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 Job C $ 15,700 $ 22,500 Job M $ 9,200 $9,400 Molding machine-hours Customizing machine-hours i 2,700 2,100 8,300 600 References 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 C Selling price for Job M