Essay
Kluth Corporation has two manufacturing departments--Molding and Customizing.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 C and Job M.There were no beginning inventories.Data concerning those two jobs follow: 
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.
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