Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
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Accounting
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 21,000 direct labor-hours, total fixed manufacturing overhead cost of $163,800, and a variable manufacturing overhead rate of $3.30 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:
Total direct labor-hours
200
Direct materials
$
400
Direct labor cost
$
6,700
Required:
Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your intermediate calculations and final answer to 2 decimal places.)
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