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  3. kalp corporation has two production departments machining and finishing the...

Question: kalp corporation has two production departments machining and finishing the...

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Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department’s predetermined overhead rate is based on machine-hours and the Finishing 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: Machining Finishing Machine-hours 19,000 12,000 Direct labor-hours 2,000 8,000 Total fixed manufacturing overhead cost $136,800 $69,600 Variable manufacturing overhead per machine-hour $ 1.80 Variable manufacturing overhead per direct labor-hour $ 3.20 During the current month the company started and finished Job K928. The following data were recorded for this job: Job K928: Machining Finishing Machine-hours 90 10 Direct labor-hours 30 50 Direct materials $775 $ 415 Direct labor cost $630 $1,050 The total job cost for Job K928 is closest to: (Round your intermediate calculations to 2 decimal places.) $2,060 $810 $4,275 $2,215

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