Sanderlin Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining Finishing Total Estimated total machine-hours (MHs) 5,000 5,000 10,000 Estimated total fixed manufacturing overhead cost $ 26,500 $ 13,500 $ 40,000 Estimated variable manufacturing overhead cost per MH $ 2.00 $ 3.00 During the most recent month, the company started and completed two jobs--Job C and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job C Job L Direct materials $ 12,500 $ 8,200 Direct labor cost $ 20,200 $ 6,400 Machining machine-hours 3,400 1,600 Finishing machine-hours 2,000 3,000 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. The calculated selling price for Job C is closest to:

Selling price= $82,704

Explanation:

First, we need to calculate the  predetermined overhead rate for each department:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining:

Predetermined manufacturing overhead rate= (26,500/5,000) + 2

Predetermined manufacturing overhead rate= $7.3 per machine hour

Finishing:

Predetermined manufacturing overhead rate= (13,500/5,000) + 3

Predetermined manufacturing overhead rate= $5.7 per machine hour

Now, we need to calculate the total cost of Job C:

Job C:

Direct materials $ 12,500

Direct labor cost $ 20,200

Machining machine-hours 3,400

Finishing machine-hours 2,000

Total cost= 12,500 + 20,200 + (3,400*7.3) + (2,000*5.7)

Total cost= $68,920

Finally, the selling price of Job C:

Selling price= 68,920*1.2

Selling price= $82,704

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; capital structure decision;