TB MC Qu. 2-142 (Static) Levron Corporation uses a job-order... Levron 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 total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: Number of units in the job Total machine-hours Direct materials Direct labor cost 20 80 $ 500 $ 2,640 If the company marks up its unit product costs by 30% then the selling price for a unit in Job P978 is closest to: Note: Round your intermediate calculations to 2 decimal places.

TB MC Qu. 2-142 (Static) Levron Corporation uses a job-order... Levron Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machinehours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: If the company marks up its unit product costs by 30% then the selling price for a unit in Job P978 is closest to: Note: Round your intermediate calculations to 2 decimal places