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

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

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	30,700
Total fixed manufacturing overhead cost	$ 337,700
Variable manufacturing overhead per machine-hour	$ 4.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job	10
Total machine-hours	20
Direct materials	$ 575
Direct labor cost	$ 1,150

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.)

▸ $81.00

▸ $285.00

▸ $283.50

▸ $241.50

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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