Find the amount of overhead applied to job is closest to

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Reference no: EM132579499

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 30,300

Total fixed manufacturing overhead cost$575,700

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 30

Direct materials$730

Direct labor cost$1,460

Question 1: The amount of overhead applied to Job T687 is closest to:

Multiple Choice

Option 1: $690.00

Option 2: $575.70

Option 3: $805.20

Option 4: $138.00

Reference no: EM132579499

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