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 | 33,000 | |
| Total fixed manufacturing overhead cost | $ | 660,000 |
| Variable manufacturing overhead per machine-hour | $ | 6.00 |
Recently, Job T687 was completed with the following characteristics:
| Number of units in the job | 10 | |
| Total machine-hours | 40 | |
| Direct materials | $ | 715 |
| Direct labor cost | $ | 1,430 |
The unit product cost for Job T687 is closest to
-
$175.50
-
$79.63
-
$214.50
-
$318.50
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