Stockmaster Corporation Has Two Manufacturing Departments--Forming and Assembly

question 287

Multiple Choice

Stockmaster Corporation has two manufacturing departments--Forming and Assembly.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 C and Job H.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 40% on manufacturing cost to establish selling prices.The calculated selling price for Job C is closest to:

• A)$96,989
• B)$88,172
• C)$25,192
• D)$62,980

---

Definitions:

Trimmed Mean

A trimmed mean is calculated by removing a certain percentage of the largest and smallest values from a data set, then computing the mean of the remaining data.

Bootstrap

A resampling technique used to estimate statistics on a population by sampling a dataset with replacement.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the true population parameter with a certain degree of confidence.

Corporate Executives

Individuals who hold senior management positions within a company, responsible for making major corporate decisions and managing overall operations.