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

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

Multiple Choice $2610 $2.990 O $150 0 $1880

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Answer 1

Answer #1

Calculation of predetermined overhead rate
Predetermined overhead rate	Fixed manufacturing costs/Total machine hours
Predetermined overhead rate	310000/31000
Predetermined overhead rate	$10	per machine hour

Calculation of total cost of job
Direct materials	$730
Direct labor cost	$1,460
Variable manufacturing cost	$120	4*30
Fixed manufacturing cost	$300	10*30
Total cost of job	$2,610

Thus, total cost of job is $2,610

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Answer 2

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