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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
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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 head coachine- $25,600 30,400 $425,600 $ 5 Recently, Job T687 was completed with the following characteristics: Number of units in the 10 job Total machine-hours Direct materials Direct labor cost 20 $ 590 $1,180 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Kostelnik 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 total fixed manufacturing overhead cost of $248,500, variable manufacturing overhead of $2.00 per machine-hour, and 35,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed: 20 Number of units in the job Total machine-hours Direct materials Direct labor cost 80 $ 830 $1,660 The unit product cost for Job A496 is closest to: (Round your intermediate calculations to 2 decimal places.) Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machining 25,000 3,000 $100,000 $ 1.50 Customizing 16,000 8,000 $32,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct labor-hour $ 3.50 During the current month the company started and finished Job T272. The following data were recorded for this job: Job T272: Machine-hours Direct labor-hours Machining 30 20 Customizing 40 40 The estimated total manufacturing overhead for the Machining Department is closest toStep by Step Solution
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