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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
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-hours31,500Total fixed manufacturing overhead cost$ 220,500Variable manufacturing overhead per machine-hour$ 6 Recently, Job T687 was completed with the following characteristics: Number of units in the job10Total machine-hours40Direct materials$ 685Direct labor cost$ 1,370 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places
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