Nielsen Corporation has two manufacturing departments-Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningAssemblyTotalEstimated total machine-hours (MHs) 1,000 4,000 5,000Estimated total fixed manufacturing overhead cost$4,700$10,800$15,500Estimated variable manufacturing overhead cost per MH$1.20$2.20 During the most recent month, the company started and completed two jobs-Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job FJob MDirect materials$13,000$7,400Direct labor cost$20,400$8,800Machining machine-hours 700 300Assembly machine-hours 1,600 2,400Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job M is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $11,988
B. $29,970
C. $41,958
D. $46,154
Answer: C
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