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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 32,100

Total fixed manufacturing overhead cost $ 577,800

Variable manufacturing overhead per machine-hour $ 5.00

Recently, Job T687 was completed with the following characteristics: Number of units in the job 10

Total machine-hours 30

Direct materials $ 595

Direct labor cost $ 1,190

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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