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TB MC Qu. 2-135 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based

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TB MC Qu. 2-135 (Algo) Lupo Corporation uses a job-order... 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 31,700 Total fixed manufacturing overhead cost $ 253, 600 variable manufacturing overhead per machine-hour $ 6.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours Direct materials $ 690 Direct labor cont $ 1,380 30 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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