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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 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 30,300 $ 575,700 $ 4 Total machine-hours Direct materials Direct labor cost 30 $ 730 $ 1,460 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

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 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 30,300 $ 575,700 $ 4 Total machine-hours Direct materials Direct labor cost 30 $ 730 $ 1,460 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 30,300 $ 575,700 $ 4 Total machine-hours Direct materials Direct labor cost 30 $ 730 $ 1,460 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
Transcribed Image Text: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 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 30,300 $ 575,700 $ 4 Total machine-hours Direct materials Direct labor cost 30 $ 730 $ 1,460 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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