Part 1: Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead...

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Accounting

Part 1: 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 32,000
Total fixed manufacturing overhead cost $ 352,000
Variable manufacturing overhead per machine-hour $ 3

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 40
Direct materials $ 675
Direct labor cost $ 1,350

The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

  • $560.00

  • $352.00

  • $663.40

  • $112.00

Part 2: Job 910 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials $ 2,454
Direct labor-hours 71 labor-hours
Direct labor wage rate $ 15 per labor-hour
Machine-hours 137 machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

Multiple Choice

  • $5,711

  • $3,035

  • $6,551

  • $3,519

Part 3: Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $243,300 and 8,300 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $244,400 and actual direct labor-hours were 5,800.

The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

  • $290,174

  • $169,998

  • $244,412

  • $170,810

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