Question

# Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

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 30,200 Total fixed manufacturing overhead cost \$ 120,800 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 \$ 710 Direct labor cost \$ 1,410

The total job cost for Job T687 is closest to:

Working

 calculation of Plantwide overhead rate (A) Total Overheads \$                120,800.00 (B) Total Machine hours 30200 (A/B) Plantwide overhead rate \$                             4.00
 Job Cost of JOB T687 Direct material \$     710.00 Direct labor \$ 1,410.00 Variable manufacturing overheads (\$6 x 40) \$     240.00 Fixed manufacturing overheads (\$4 x 40) \$     160.00 Total Cost \$ 2,520.00

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