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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 33,000
Total fixed manufacturing overhead cost $ 660,000
Variable manufacturing overhead per machine-hour $ 6.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 40
Direct materials $ 715
Direct labor cost $ 1,430

The unit product cost for Job T687 is closest to

  • $175.50

  • $79.63

  • $214.50

  • $318.50

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