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 32,000 Total fixed manufacturing overhead cost $ 352,000 Variable manufacturing overhead per machine-hour $ 3   Recently, Job T687 was completed with the following characteristics:   Number of units in the job 10 Total machine-hours 40 Direct materials $ 675 Direct labor cost $ 1,350   The total job cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 32,000
Total fixed manufacturing overhead cost $ 352,000
Variable manufacturing overhead per machine-hour $ 3

 

Recently, Job T687 was completed with the following characteristics:

 

Number of units in the job 10
Total machine-hours 40
Direct materials $ 675
Direct labor cost $ 1,350

 

The total job cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

 

 
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