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-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 20 $590 $1,180 30,400 $425,600 $5 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $466.00 5425.60 Direct materials $590 Direct labor cost $1,180 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) 0 Multiple Choice $466.00 $425.60 $380.00 $76.00
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