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Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system...

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Accounting

Tomey Corporation has two production departments, Forming andFinishing. The company uses a job-order costing system and computesa predetermined overhead rate in each production department. TheForming Department’s predetermined overhead rate is based onmachine-hours and the Finishing Department’s predetermined overheadrate is based on direct labor-hours. At the beginning of thecurrent year, the company had made the following estimates: FormingFinishing Machine-hours 18,000 14,000 Direct labor-hours 2,0008,000 Total fixed manufacturing overhead cost $ 99,000 $ 70,400Variable manufacturing overhead per machine-hour $ 2.10 Variablemanufacturing overhead per direct labor-hour $ 3.70 During thecurrent month the company started and finished Job T617. Thefollowing data were recorded for this job: Job T617: FormingFinishing Machine-hours 90 20 Direct labor-hours 30 60 Directmaterials $ 940 $ 350 Direct labor cost $ 960 $ 1,920 The total jobcost for Job T617 is closest to: (Round your intermediatecalculations to 2 decimal places.) Multiple Choice $5,604 $2,584$684 $3,020

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All working forms part of the answer Working Working Forming Department Finishing Department A Fixed Overhead 9900000 7040000 Allocation base machine hours direct labor hours B Amount    See Answer
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