Cull Corporation Uses a Job-Order Costing System with a Single

question 11

Multiple Choice

Cull 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 $462,000, variable manufacturing overhead of $2.20 per machine-hour, and 60,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) $258.32
• B) $190.80
• C) $39.72
• D) $238.32

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Definitions:

Musical Instrument

A device designed to produce musical sounds by the manipulation of its various parts, often involving keyboard, string, percussion, wind, or electronic means.

Electric Guitar

A stringed musical instrument that uses electromagnetic pickups to convert the vibration of its steel-cored strings into electrical signals, which can then be amplified.

Guitar

A stringed musical instrument played by plucking or strumming the strings, either with the fingers or a pick.

Abstract

A brief summary of a research paper, thesis, review, conference proceeding or any in-depth analysis of a particular subject or discipline.