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 10 40 32,500 $ 455,000 $5 Direct materials Direct labor cost The unit product cost for Job T687 is closest to: $ 710 $ 1,420 Note: Round your intermediate calculations to 2 decimal places. Multiple Choice $147.00 $72.25 $213.00 ○ $289.00

FINANCIAL ACCOUNTING
10th Edition
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:
32,500
$ 455,000
$ 5
Number of units in the job.
Total machine-hours
10
40
Direct materials
Direct labor cost
The unit product cost for Job T687 is closest to:
$ 710
$ 1,420
Note: Round your intermediate calculations to 2 decimal places.
Multiple Choice
О
$147.00
О
$72.25
$213.00
$289.00
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: 32,500 $ 455,000 $ 5 Number of units in the job. Total machine-hours 10 40 Direct materials Direct labor cost The unit product cost for Job T687 is closest to: $ 710 $ 1,420 Note: Round your intermediate calculations to 2 decimal places. Multiple Choice О $147.00 О $72.25 $213.00 $289.00
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