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Homework answers / question archive / Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rat, based on machine-hours

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rat, based on machine-hours

Management

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rat, based on machine-hours. The company based its predetermined overhead rate for the current year on following data: 
Total machine—hours 30,200 Total fixed manufacturing overhead cost , $120,800 Variable manufacturing overhead per machine— $ 6.00 hour 
Dnrontiv inh TRR7 vvng completed with the following characteristics: 
Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 40 Direct materials $ 710 Direct labor cost $ 1,410 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.)

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