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rhialways659 rhialways659
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A year ago

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-hours30,700
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 job10
Total machine-hours20
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

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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brassgodbrassgod
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