2.

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 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 30,300 $575,700 $ 4 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 30 $ 730 $1,460 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) 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 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 30, 200 $ 120,800 $ 6.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 40 $ 710 $1,410 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) The following accounts are from last year's books of Sharp Manufacturing: Bal 156,000 518,000 Raw Materials 0 (b) 169,000 13,000 Bal (b) (a) Work In Process 0 (f) 133,000 170,000 215,000 (c) (e) 470,000 215,000 Bal (f) Finished Goods 0 (g) 518,000 48,000 (b) (c) Manufacturing Overhead 23,000 (e) 27,000 158,000 (d) 7,000 (g) Cost of Goods Sold 470,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year