Question: need help with he following question it is attached below, thank you so much Kluth Corporation has two manufacturing departmentsMolding and Customizing. The company used

need help with he following question it is attached below, thank you so much

Kluth Corporation has two manufacturing departmentsMolding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Holding eta-twining Total Estimated total machinehours (Has) 9,000 3,600 12,600 Estimated total fixed manufacturing overhead cost: $36,000 $13,320 $49,320 Eetimated variable manufacturing overhead cost per: HE S 2.50 $ 3.00 ' During the most recent month, the company started and completed two jobsJob C and Job M. There were no beginning inventories Data concerning those twojobs follow: 3013!! John Direct materials $16,700 S 9,900 Direct labor cost $23,nn $10,30n Holding machine-hours 2,700 1.3% Cuetonizing machine-hours 400 600 ' 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 6 Selling price for Job M
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
