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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hour 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-hour The company based its predetermined overhead rate for the current year on the following data: 30,400 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour $425,600 $ 5.00 Recently, Job T687 was completed with the following characteristics: 10 20 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 590 $ 1,180 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

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