Opunui corporation has two manufacturing departments--molding and finishing. the company used the following data at the beginning of the year to calculate predetermined overhead rates: molding finishing total estimated total machine-hours (mhs) 4,000 1,000 5,000 estimated total fixed manufacturing overhead cost $ 19,600 $ 2,400 $ 22,000 estimated variable manufacturing overhead cost per mh $ 1.10 $ 2.10 during the most recent month, the company started and completed two jobs--job a and job m. there were no beginning inventories. data concerning those two jobs follow: job a job m direct materials $ 13,600 $ 7,500 direct labor cost $ 20,700 $ 7,400 molding machine-hours 2,700 1,300 finishing machine-hours 400 600 assume 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 a is closest to: (round your intermediate calculations to 2 decimal places.)

The selling price for Job A is $75,978.00

Explanation:

                                        Molding          Finishing          Totals

Machine hours                 4000                1000             5000

Fixed mnf. overheads      19600               2400           22000

Variable manufacturing  

Overheads per machine hours 1.1                2.1

                                                                  JOB A                  JOB B  

Direct materials                                         13,600                    7500

Direct labour costs                                    20,700                  7400

Molding machines      2700*1.1=              2,970  

Finishing        400*2.1=                               840

Fixed mnf: molding 19600*4000/5000= 15,680

Fixed mnf: finishing   2400*1000/5000=  480    

Total cost    (sum of all the above)            $54,270

Mark up = 40%

Mark up=gross profit (GP)*100/cost

40%= GP*100/54270

40*54270/100= GP

GP= 21,708

Sales= cost + GP  

Sales= 21,708+54,270

Sales= $75,978.00

answer; according to the ( irs );