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Home Q & A Board Other Fields Homework Help Business Accounting
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hardy7luver hardy7luver
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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-hours30,000
Total fixed manufacturing overhead cost$ 252,000
Variable manufacturing overhead per machine-hour$ 2.10

Recently, Job T687 was completed with the following characteristics:

Number of units in the job10
Total machine-hours30
Direct materials$ 675
Direct labor cost$ 1,050

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.)



▸ $81.60

▸ $305.60

▸ $285.60

▸ $241.50
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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Hello32hello3Hello32hello3
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A year ago
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hardy7luver Author
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A year ago
Good timing, thanks!
mikeh209
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Yesterday
Thanks
SupremeDJ
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2 hours ago
Helped a lot
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