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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

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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 30,900 Total fixed manufacturing overhead cost $154,500 Variable manufacturing overhead per machine-hour $3 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 rect materials $740 Direct labor cost $1,480 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $240.00 $154.50 $48.00 $338.40

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