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must show work! 2. Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based
must show work!
2. 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 Total fixed manufacturing overhead cost $ 294,300 Variable manufacturing overhead per machine-hour $ 2.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job 20 Total machine-hours $ 545 Direct materials $ 1.090 Direct labor cost 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.) Step by Step Solution
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