Predetermined Overhead Rate Assignment

Columbo Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor hours.

At the beginning of the current year, the company had made the following estimates: 1.25 points eBook Forming 17,000 1,000 $110,500 $ 1.60 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Finishing 10,000 9,000 $78,300 References $ 3.30 During the current month the company started and finished Job A948. The following data were recorded for this job: 30 Job A948: Machine-hours Direct labor-hours Direct materials Direct labor cost Forming Finishing 70 10 50 $650 $ 330 $380 $1,900 If the company marks up its manufacturing costs by 40% then the selling price for Job A948 would be closest to: (Round your intermediate calculations to 2 decimal places.) no 1 Nort Check my work 15 If the company marks up its manufacturing costs by 40% then the selling price for Job A948 would be closest to: (Round your intermediate calculations to 2 decimal places.) 1.25 points eBook Multiple Choice References O $6,197.80 $1,770.80 0 $4,427.00 O $6,818.00 Mc Graw. .

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