1) Overhead rate = 575700/30300+4 = 23 per Machine hour
Overhead applied = 23*30 = 690
So answer is c) $690
2) Overhead rate = (455000/70000+2.90) = 9.40 per hour
Direct material | 760 |
Direct labor | 1520 |
Overhead (80*9.40) | 752 |
Total manufacturing cost | 3032 |
Markup | 606.40 |
Selling price | 3638.40 |
Selling price per unit (3638.40/20) | 181.92 |
So answer is b) $181.92
3) Overhead rate = (1242700/42500+6.60) = 35.84 per hour
So answer is c) 35.84 per hour
4) Journal entry
Date | account and explanation | Debit | Credit |
Work in process | 467000 | ||
Raw material | 467000 | ||
So answer is a)
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 32,300 Total fixed manufacturing overhead cost $ 581,400 Variable manufacturing overhead per machine-hour $ 2.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 40 Direct materials $ 630 Direct labor cost $ 1,260 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: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 40 $ 675 $1,350 The amount of overhead...
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 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 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 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 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. 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 31,500 $ 220,500 $ 6.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 40 $ 685 $1,370 If the company...
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...