Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 10,000Total fixed manufacturing overhead cost$35,000Variable manufacturing overhead per machine-hour$2.20Recently, Job T369 was completed with the following characteristics: Number of units in the job 10Total machine-hours 40Direct materials$750Direct labor cost$1,560If the company marks up its unit product costs by 20% then the selling price for a unit in Job T369 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $304.56
B. $50.76
C. $324.56
D. $277.20
Answer: A
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