Question
15. 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
15.
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 | 31,200 | |
| Total fixed manufacturing overhead cost | $ | 156,000 |
| 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 | $ | 665 |
| Direct labor cost | $ | 1,330 |
The amount of overhead applied to Job T687 is closest to:
Multiple Choice
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$240.00
-
$156.00
-
$329.40
-
$48.00
16.
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 | 31,400 | |
| Total fixed manufacturing overhead cost | $ | 219,800 |
| 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 | 20 | |
| Direct materials | $ | 580 |
| Direct labor cost | $ | 1,160 |
The total job cost for Job T687 is closest to:
Multiple Choice
-
$1,380
-
$1,740
-
$800
-
$1,960
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