Answer
A |
Fixed Overheads |
$220,500 |
B |
MHs |
31500 |
C = A/B |
Fixed Overhead per machine hours |
$7.00 |
D |
Variable overhead per machine hours |
$6.00 |
E = C+D |
Predetermined Overhead rate |
$13.00 |
F |
Total MHs |
40 |
G = E x F |
Overhead allocated |
$520 |
H |
Direct material |
$685 |
I |
Direct labor cost |
$1,370 |
J = G+H+I |
Total manufacturing cost assigned to Job |
$2,575 |
Selling Price = Total Cost + 40%
= 2575 + 40%
= 2575 x 1.40
= $ 3605
Total units = $ 10
Selling price per unit = $ 3605 / 10 = $ 360.50
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
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 30,500 $610,000 $ 6.00 Recently, Job T687 was completed with the following characteristics: Number of units in the 10 job Total machine-hours Direct materials Direct labor cost 30 $ 690 $1,370 The unit product cost...
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 33,000 Total fixed manufacturing overhead cost $ 660,000 Variable manufacturing overhead per machine-hour $ 6.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 40 Direct materials $ 715 Direct labor cost $ 1,430 The amount of...
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 32,000 $352,000 $ 3.ee Recently, Job T687 was completed with the following characteristics: Number of units in the job Total nachine-hours Direct materials Direct labor cost 10 40 $ 675 $1,350 The unit product cost for...
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 32,300 $581,400 $ 2.00 Recently, Job T687 was completed with the following characteristics: 10 40 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 630 $1,260 The unit product cost for...
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 30,500 Total fixed manufacturing overhead cost $ 610,000 Variable manufacturing overhead per machine-hour $ 6 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 690 Direct labor cost $ 1,370 The amount of...
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 32,000 $352,000 $ 3.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 40 $ 675 $1,350 If the company marks up...
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 $ Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 30 $ 730 $1,460 The unit product cost for...
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: 31,400 $219,800 $ 4.00 Number of units in the job Total machine-hours Direct materials Direct labor cost 10 20 $ 580 $1,160 If the company marks...
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 32,300 $581,400 $ Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 40 $ 630 $1,260 The total job cost for...
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. TH 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 31,800 $159,090 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 660 $1,320 The unit product cost for Job T687 is...