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a job-order costing system with a sin rate based on machine-hours. The co. ad rate for the current year on the follow

a job-order costing system with a sin rate based on machine-hours. The co. ad rate for the current year on the follow

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 24?
QUESTION 24 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 $ 6 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 40 Direct materials Direct labor cost $710 $1,410 $80.00 $400.00 $120.80 $500.80 30,200 $ 120,800 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
Transcribed Image Text:QUESTION 24 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 $ 6 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 40 Direct materials Direct labor cost $710 $1,410 $80.00 $400.00 $120.80 $500.80 30,200 $ 120,800 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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