What is the adjusted cost of goods sold?Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $120,400 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company has provided the following data for the just completed year:Purchase of raw materials $ 133,000Direct labor cost $ 82,000Manufacturing overhead costs:Indirect labor $ 118,600Property taxes $ 8,000Depreciation of equipment $ 18,000Maintenance $ 15,000Insurance $ 9,700Rent, building $ 39,000Beginning EndingRaw Materials $ 26,000 $ 13,000Work in Process $ 44,000 $ 40,000Finished Goods $ 71,000 $ 60,000

Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Job T138: Machine-hours. Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour During the current month the company started and finished Job T138. The following data were recorded for this job: Customizing 50 80 Direct labor-hours The amount of overhead applied in the Customizing Department to Job T138 is closest to: Note: Round your intermediate calculations to 2 decimal places. Multiple Choice Casting 60 12 $770.00 Casting…

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate In each production department. The Milling Department's predetermined overhead rate Is based on machine-hours and the Customizlng Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling Customizing Machine-hours 16,000 11,000 Direct labor-hours 18,000 6,000 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour $92,800 $28,800 $ 1.20 $ 5.00 During the current month the company started and finlshed Job A319. The following data were recorded for this Job: Job A319: Milling Customizing Machine-hours 50 40 Direct labor-hours 60 30 Direct materials $ 430 $ 800 $ 180 $ 540 Direct labor cost If the company marks up Its manufacturing costs…

Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information pertains to this job: Direct materials Direct labor cost Machine-hours used $ 390 $ 240 34 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 60 units, what is its unit product cost? 4. If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it establish for Job 400? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate.…