Solved

Kalp Corporation Has Two Production Departments, Machining and Finishing

Question 78

Multiple Choice

Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: During the current month the company started and finished Job K928. The following data were recorded for this job: If the company marks up its manufacturing costs by 20% then the selling price for Job K928 would be closest to: (Round your intermediate calculations to 2 decimal places.) A) $4,275.00 B) $5,643.00 C) $5,130.00 D) $855.00 During the current month the company started and finished Job K928. The following data were recorded for this job:
Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: During the current month the company started and finished Job K928. The following data were recorded for this job: If the company marks up its manufacturing costs by 20% then the selling price for Job K928 would be closest to: (Round your intermediate calculations to 2 decimal places.) A) $4,275.00 B) $5,643.00 C) $5,130.00 D) $855.00 If the company marks up its manufacturing costs by 20% then the selling price for Job K928 would be closest to: (Round your intermediate calculations to 2 decimal places.)


A) $4,275.00
B) $5,643.00
C) $5,130.00
D) $855.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q73: Dancel Corporation has two production departments, Milling

Q74: Ahlheim Corporation has two production departments, Forming

Q75: Pasko Corporation uses a job-order costing system

Q76: Cull Corporation uses a job-order costing system

Q77: Carcana Corporation has two manufacturing departments--Machining and

Q79: Hultquist Corporation has two manufacturing departments--Forming and

Q80: Merati Corporation has two manufacturing departments--Forming and

Q81: Tarrant Corporation has two manufacturing departments--Casting and

Q82: Hickingbottom Corporation has two production departments, Forming

Q83: Ryans Corporation uses a job-order costing system