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

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Accounting

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
30,900
$154,500
$3
Recently, Job T687 was completed with the following characteristics:
\table[[Number of units in the job,10],[Total machine-hours,30],[Direct materials,$740
image

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