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

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Accounting

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 32,600
Total fixed manufacturing overhead cost $ 195,600
Variable manufacturing overhead per machine-hour $ 4.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 30
Direct materials $ 550
Direct labor cost $ 1,100

The total job cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

  • $1,400

  • $1,650

  • $850

  • $1,950

Answer & Explanation Solved by verified expert
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