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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: 30,300 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour $575,700 4.00 16 Recently, Job T687 was completed 699 Number of units the job Total machine-hours Direct materials Direct labor cost $1, The amount of overhead applied to Job T687 is closest to NO Choice 8 O seos 20 $690.00 Cull 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 $455,000, variable manufacturing overhead of $2.90 per machine-hour, and 70,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: Number of units in the job Total machine-hours Direct materials Direct labor cost $ 760 $1,520 If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 0 0 $151.50 Brother Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year Estimated machine-hours Estimated variable manufacturing ov Estimated total fixed manufacturing Actual machine-hours for the year 69 GR e SANTAN MAN 42,500 $ 6.60 per machine-hour $1,242,700 39,700 5 The predetermined overhead rate for the recently completed year hoice 35.41 /S o $35.84 per machin 3660 per Firebaugh Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account Raw materials (all direct) requisitioned for use in production $520,000 $467,000 What is the journal entry to record raw materials used in production? Multiple Choice 0 67.000 Work In Process Raw Materials 467,000 0 000 Raw Materiais Work In Process 0 Raw Materials 0 des

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