Matrejek Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the...

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Matrejek Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming Customizing Total 8,000 $36,800 2,000 10,000 $4,800 $41,600 $ 1.60 $ 2.90 During the most recent month, the company started and completed two jobs--Job D and Job K. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Forming machine-hours Customizing machine-hours Required: Job D Job K $15,600 $6,900 $19,100 $8,700 5,400 2,600 800 1,200 a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling price for Job D. b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling price for Job K. c. 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. Calculate the selling price for Job D. d. 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. Calculate the selling price for Job K. Matrejek Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming Customizing Total 8,000 $36,800 2,000 10,000 $4,800 $41,600 $ 1.60 $ 2.90 During the most recent month, the company started and completed two jobs--Job D and Job K. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Forming machine-hours Customizing machine-hours Required: Job D Job K $15,600 $6,900 $19,100 $8,700 5,400 2,600 800 1,200 a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling price for Job D. b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling price for Job K. c. 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. Calculate the selling price for Job D. d. 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. Calculate the selling price for Job K.

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a To calculate the sellinga To calculate the selling price for Job D using a plantwide predetermined manufacturing overhead rate based on machinehours and a markup of 50 on manufacturing cost we need ... View the full answer