Coates 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 total fixed manufacturing overhead cost of $249,000, variable manufacturing overhead of $3.80 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job X784 which was recently completed: Job E's manufacturing cost: Number of units in the job 50Total machine-hours 250Direct materials$470Direct labor cost$5,500 If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to:
A. $53.97
B. $253.87
C. $233.87
D. $155.22
Answer: C
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