Matrejek Corporation Has Two Manufacturing Departments--Forming and Customizing

question 159

Essay

Matrejek Corporation has two manufacturing departments--Forming 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 D and Job K.There were no beginning inventories.Data concerning those two jobs follow: Required:
a.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.Calculate the selling price for Job D.
b.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.Calculate the selling price for Job K.
c.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.Calculate the selling price for Job D.
d.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.Calculate the selling price for Job K.

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Definitions:

State Mental Hospitals

Publicly funded psychiatric hospitals primarily responsible for treating individuals with severe mental health disorders, often when less restrictive settings are inadequate.

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Pertains to the period around the middle of the 20th century, typically considered to span from the 1930s to the 1960s.

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Public hospitals administered by the government, often specifically for mental health care, rehabilitation, or long-term illness.

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The period from 1950 to 1999, often considered a time of significant social, economic, and technological change.