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:
Total machine-hours32,600Total fixed manufacturing overhead cost$195,600Variable manufacturing overhead per machine-hour$4
Recently, Job T687 was completed with the following characteristics:
Number of units in the job10Total machine-hours30Direct materials$550Direct labor cost$1,100
The total job cost for Job T687 is closest to:(Round your intermediate calculations to 2 decimal places.)
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