Calculate the total manufacturing cost assigned to job


Assignment Task: Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

 

Molding

Finishing

Total

Estimated total machine-hours (MHs)

4,000

1,000

5,000

Estimated total fixed manufacturing overhead cost

$11,000

$2,900

$13,900

Estimated variable manufacturing overhead cost per MH

$2.50

$5.00

 

During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow:

 

Job A

Job M

Direct materials

$14,100

$7,900

Direct labor cost

$21,100

$7,900

Molding machine-hours

2,700

1,300

Finishing machine-hours

400

600

Required:

Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job M?

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Accounting Basics: Calculate the total manufacturing cost assigned to job
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