Question
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
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: Recently, Job T687 was completed with the following characteristics: 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.) _______ _______ Total machine-hours 32,700 Total fixed manufacturing overhead cost $294,300 Variable manufacturing overhead per machine-hour $2.00 Number of units in the job 10 Total machine-hours 20 Direct materials $545 Direct labor cost $1090
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