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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 | 32,700 |
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Total fixed manufacturing overhead cost | $ 294,300 |
Variable manufacturing overhead per machine-hour | $ 2 |
Recently, Job T687 was completed with the following characteristics:
Number of units in the job | 10 |
---|---|
Total machine-hours | 20 |
Direct materials | $ 545 |
Direct labor cost | $ 1,090 |
The total job cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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