Search lextbook SoluboX G predetemined overhead X re https/ ml on for Chapters 1

Question

Search lextbook SoluboX G predetemined overhead X re https/ ml on for Chapters 1-5 Help Save Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The predetermined overhead rate for the current year on total foxed manufa machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job X784 which was recently completed company based its turing overhead cost of $249,000, variable manufacturing overhead of $3.80 per Number of units in the job Total machine-hours Direct materials Direct labor cost 50 250 $ 478 $5,see If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to: (Round your intermediate calculations to 2 decimal places Multiple Choice $253.87 $233.87 e to search

Explanation / Answer

Predetermine overhead rate = (249000/30000)+3.80 = 12.10 per machine hour

so answer is b) $233.87

Direct material 470 Direct labour cost 5500 Overhead cost (250*12.10) 3025 Total product cost 8995 Units 50 Unit product cost 179.90 Markup (179.90*30%) 53.97 Selling price per unit 233.87

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