Business, 05.03.2021 23:30 devinluck100

Lupo 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 the following data: Total machine-hours 31,800 Total fixed manufacturing overhead cost $159,000 Variable manufacturing overhead per machine-hour $2 Recently, Job T687 was completed with the following characteristics: Total machine-hours 32,000
Total fixed manufacturing overhead cost $352,000
Variable manufacturing overhead per machine-hour $3.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 30
Direct materials $660
Direct labor cost $1,320

If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to:

a. $283.50
b. $103.40
c. $361.90
d. $546.00

Answers: 2

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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate...

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