Koelsch Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: 
During the most recent month, the company started and completed two jobs--Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow:
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job K is closest to: (Round your intermediate calculations to 2 decimal places.)
Definitions:
Discount Rate
The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows or investments.
Lease Payments
The payments made under a lease agreement to the lessor for the use of an asset over a specified period.
Guaranteed Rate
A predetermined interest rate assured by a lender or issuer to the borrower or investor over a certain period.
Discount Factor
A multiplier used in financial calculations to determine the present value of future cash flows or payments.
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