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TB MC Qu. 2-135 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order...

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Accounting

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TB MC Qu. 2-135 (Algo) Lupo Corporation uses a job-order... 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 32,600 $ 195,600 $ 4.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 30 $ 550 $ 1,100 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 to 2 decimal places.) Multiple Choice $290.00 $273.00 $78.00 $231.00

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