Multiple Choice
Molash Corporation has two manufacturing departments--Machining and Assembly.The company used the following data at the beginning of the year to calculate predetermined overhead rates:
During the most recent month,the company started and completed two jobs--Job B and Job L.There were no beginning inventories.Data concerning those two jobs follow:
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.The calculated selling price for Job L is closest to:
A) $40,320
B) $41,933
C) $13,440
D) $26,880
Correct Answer:
Verified
Correct Answer:
Verified
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