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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

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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 the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 32,500 $455,000 $ 5.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 40 $ 710 $1,420 The amount of overhead applied to Job T687 is closest to: Multiple Choice 40 job Total machine-hours Direct materials Direct labor cost $ 710 $1,420 The amount of overhead applied to Job T687 is closest to: Multiple Choice O $152.00 $152.00 $875.60 $455.00 0 $760.00

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