Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based or 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: 10 30 $ 675 $ 1,050 The estimated total manufacturing overhead is closest to Number of units in the job Total machine-hours Direct materials Direct labor cost 30,000 $ 252,000 $ 2.10

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Total machine-hours
Direct materials.
Direct labor cost.
10
30
$ 675
$ 1,050
The estimated total manufacturing overhead is closest to
30,000
$ 252,000
$ 2.10
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 Total machine-hours Direct materials. Direct labor cost. 10 30 $ 675 $ 1,050 The estimated total manufacturing overhead is closest to 30,000 $ 252,000 $ 2.10
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