Macnamara Corporation has two manufacturing departments-Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 1,000 4,000 5,000Estimated total fixed manufacturing overhead cost$4,800$8,800$13,600Estimated variable manufacturing overhead cost/MH$1.80$2.90 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$11,500$9,000Direct labor cost$18,400$7,400Casting machine-hours 700 300Finishing machine-hours 1,600 2,400Assume 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 50% 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. $45,930
B. $15,310
C. $47,767
D. $30,620
Answer: A
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Fill in the blank(s) with the appropriate word(s).
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The analysts at Swirlees, a brand of ice-cream, are asked to assess revenue generated over the past five years to observe seasonal and historical trends so that they can make a business estimate for the next year
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