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TB MC Qu. 2-102 (Static) Lueckenhoff Corporation uses a job-order... Lueckenhoff Corporation uses a job-order...

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Accounting

TB MC Qu. 2-102 (Static) Lueckenhoff Corporation uses a job-order... Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed: Number of units in the job 40 Total direct labor-hours 80 Direct materials $ 950 Direct labor cost $ 2,720 The amount of overhead applied to Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)

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