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