Janicki Corporation Has Two Manufacturing Departments--Machining and Customizing

question 126

Multiple Choice

Janicki Corporation has two manufacturing departments--Machining 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 A and Job J. There were no beginning inventories. Data concerning those two jobs follow:

-Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.The calculated selling price for Job J is closest to:

• A) $65,115
• B) $67,720
• C) $21,705
• D) $43,410

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Definitions:

Industrial Psychology

The scientific study of human behavior in the workplace and applies psychological theories and principles to organizations.

1964 Civil Rights Act

This landmark piece of legislation in the United States outlawed discrimination based on race, color, religion, sex, or national origin, significantly influencing the country's civil rights movement.

Discrimination Protection

Legal or societal measures in place to prevent unfair treatment of individuals based on personal characteristics.

Legislation

Legislation is the process of making or enacting laws, typically carried out by a country's legislative body, such as a parliament or congress.