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Levron 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

Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: Number of units in the job 33 Total machine-hours i Direct materials Direct labor cost 20 80 $ 500 $ 2,640 The amount of overhead applied to Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $232 $160 $392 $552 < Prev 14 of 28 Next >

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