COTB MC Qu. 2-69 (Algo) Assume a company started and completed... Assume a company started and completed numerous jobs during July-one of which was Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs z Machining $48,000 $ 1.50 Assembly $30,000 $ 2.00 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked 12,000 10,000 Job z Direct materials Direct labor Machine-hours Direct labor-hours Machining $1,250 $ 200 40 Assembly $1,300 $ 900 60 10 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 30,300 $575,700 $ 4.00 Total machine-hours Total fixed manufacturing overhead coat Variable manufacturing overhead per machine-hour 10 Recently, Job T687 was completed with the following characteristics Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $1,460 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.) Multiple Choice