Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 7.answer choicesa-$203.00b-$277.20c-$306.60d-$87.6

7.Answer choicesA-$203.00B-$277.20C-$306.60D-$87.60 Lupo Corporation uses a job-order costing system with a single plantwide...

90.2K

Verified Solution

Question

Accounting

7.Answer choicesA-$203.00B-$277.20C-$306.60D-$87.60

image
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 31 , 800 Total fixed manufacturing overhead cost $ 159, 000 Variable manufacturing overhead per machine-hour $ 2.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials $ 660 Direct labor cost $ 1, 320 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations t 2 decimal places.) Multiple Choice

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students