Lupo Corporation uses a job-order costing system with a single plantwide predete

Question

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$ 31,000 $310,000 4 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 $ 730 $1,460 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

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Statement of Overhead - JOB T687 Particulars Calculations Amount Fixed Overhead applied to job 310000*30/31000 300 Variable Overhead 4*30 120 Total Overhead 420 Statement of Total Cost - JOB T687 Particulars Amount Direct Material 730 Direct Labour 1460 Variable Overhead 120 Fixed Overhead 300 Total Cost 2610

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