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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-hours | 31,000 | |
Total fixed manufacturing overhead cost | $ | 310,000 |
Variable manufacturing overhead per machine-hour | $ | 4.00 |
Recently, Job T687 was completed with the following characteristics:
Number of units in the job | 10 | |
Total machine-hours | 30 | |
Direct materials | $ | 730 |
Direct labor cost | $ | 1,460 |
The total job cost for Job T687 is closest to?
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