Coates 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 $249,000, variable manufacturing overhead of $3.80 per machine-hour, and 30,000 machine-hours.The company has provided the following data concerning Job X784 which was recently completed: If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to:

A) $253.87
B) $233.87
C) $53.97
D) $155.22

Question

Coates 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 $249,000, variable manufacturing overhead of $3.80 per machine-hour, and 30,000 machine-hours.The company has provided the following data concerning Job X784 which was recently completed:

If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to:

A) $253.87
B) $233.87
C) $53.97
D) $155.22

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