upo Corporation uses a job-order costing system with a single plantvide predetermined overhead rate based on mechine-hours. The company besed its predetermined overheed rate for the current year on the following data Total eachine-hours Total fixed manufacturing overhead cust Variable manufacturing overhead per machine-hour Recently, Job 1687 was completed with the following characteristics Number of units in the job Total eachine-hours Direct naterials Direct labor cost the company marks up its unit product costs by 40% then the selling price t Note: Round your intermediate calculations to 2 decimal places Muple Choce O O $6.00 13:00 630100 10 20 $500 $1,100 124780 30,400 $ 425,600 $5.00 unt in Job 1687 is closest to
upo Corporation uses a job-order costing system with a single plantvide predetermined overhead rate based on mechine-hours. The company besed its predetermined overheed rate for the current year on the following data Total eachine-hours Total fixed manufacturing overhead cust Variable manufacturing overhead per machine-hour Recently, Job 1687 was completed with the following characteristics Number of units in the job Total eachine-hours Direct naterials Direct labor cost the company marks up its unit product costs by 40% then the selling price t Note: Round your intermediate calculations to 2 decimal places Muple Choce O O $6.00 13:00 630100 10 20 $500 $1,100 124780 30,400 $ 425,600 $5.00 unt in Job 1687 is closest to
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:upo Corporation uses a job-order costing system with a single plantvide predetermined overhead rate based on mechine-hours. The company based its predetermined overheed rate for the current year on the following data
Total machine-hours
Total fixed manufacturing overhead cust
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics
Number of units in the job i
Total sechine-hours
Direct materials
Direct labor cost
Murple Choce
the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to
Note: Round your intermediate calculations to 2 decimal places
O
O
O
$6.00
$30:00
530100
10
20
$ 590
$1,150
124780
30,400
$425,600
$ 5.00
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