Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

Question

Question

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

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Fixed overhead predetermined overhead rate

=$310000/31000

=$10 hrs

Variable overhead rate = $4 per machine hour

Total Predetermined overhead rate = $10+4

=$14

Overhead applied = Total hours for job T687 * total predetemined overhead rate

=30 hours *$14

=$420

Correct Option: FIRST

Add a comment

Answer 2

Similar Homework Help Questions

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 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...

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 31,000 Total fixed manufacturing overhead cost $ 310,000 Variable manufacturing overhead per machine-hour $ 4 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $ 1,460 The amount of...
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 31,000 Total fixed manufacturing overhead cost $310,000 Variable manufacturing overhead per machine-hour $ 4.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $1,460 If the company marks up...

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 31,000 $310, $ Recently, Job T687 was completed with the following characteristics 10 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 730 $1,460 The totaljob cost for Job T687 is...
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 30,300 $575,700 $ 4.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost $ 730 $1,460 If the company marks up its...
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 30,300 Total fixed manufacturing overhead cost $ 575,700 Variable manufacturing overhead per machine-hour $ 4 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $ 1,460 The total job...

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 30,300 Total fixed manufacturing overhead cost $ 575,700 Variable manufacturing overhead per machine-hour $ 4 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $ 1,460 The amount of...
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 30,700 $337, 700 $ 4.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 20 $ 575 $1,150 The amount of overhead...
Lupo Corporation uses a job order costing system with a single plantwide predetermined overhead rate based...

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 30,900 $154,500 $ 3.80 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 $ 740 $1,480 The amount of...

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 30,000 Total fixed manufacturing overhead cost $ 252,000 Variable manufacturing overhead per machine-hour $ 2.10 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 675 Direct labor cost $ 1,050 The amount of...

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

Homework Answers