FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
10
30
$690
$ 1,380
31,700
$ 253,600
$6
The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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Transcribed Image Text: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 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 30 $690 $ 1,380 31,700 $ 253,600 $6 The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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