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

question 373

Multiple Choice

Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: If the company marks up its unit product costs by 30% then the selling price for a unit in Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) $249.58
• B) $229.58
• C) $204.10
• D) $52.98

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Workplace

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Extrinsic Motivation

Motivation driven by external rewards, such as money, grades, or acclaim rather than internal satisfaction.

Creativity

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Specialized knowledge or skill in a particular field or profession.