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		30,400
Total fixed manufacturing overhead cost	$	425,600
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		20
Direct materials	$	590
Direct labor cost	$	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.)

Multiple Choice

• $86.00

• $247.80

• $361.00

• $301.00