Solution-What amount of overhead applied to job is closest

What amount of overhead applied to job is closest to

Reference no: EM132838120

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 32,300

Total fixed manufacturing overhead cost $581,400

Variable manufacturing overhead per machine-hour $2.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10

Total machine-hours 40

Direct materials$630

Direct labor cost$1,260

Problem 1: The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

Reference no: EM132838120

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What amount of overhead applied to job is closest to

Reference no: EM132838120

Reference no: EM132838120

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