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 10 20 30,700 $ 337,700 $4 Direct materials. $575 Direct labor cost $ 1,150 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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 10 20 30,700 $ 337,700 $4 Direct materials. $575 Direct labor cost $ 1,150 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 31E: Chester Company provided information on overhead for its three producing departments as follows:...
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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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
20
30,700
$ 337,700
$4
$575
$ 1,150
The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7017fa2-d3ee-4d28-afb1-6bd0b9945fc2%2F78a0ecaf-20b0-47d2-856c-36228c52d5b2%2Fswmxlb6_processed.jpeg&w=3840&q=75)
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
20
30,700
$ 337,700
$4
$575
$ 1,150
The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
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