Mcewan Corporation Uses a Job-Order Costing System with a Single

Essay

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on 20,000 direct labor-hours,total fixed manufacturing overhead cost of $182,000,and a variable manufacturing overhead rate of $2.50 per direct labor-hour.Job X941,which was for 50 units of a custom product,was recently completed.The job cost sheet for the job contained the following data:
Required:
Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%.