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aalyn [17]
3 years ago
7

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 30,300Total fixed manufacturing overhead cost $ 575,700Variable manufacturing overhead per machine-hour $ 4.00Recently, Job T687 was completed with the following characteristics:
Number of units in the job 10Total machine-hours 30Direct materials $ 730Direct labor cost $ 1,460
The total job cost for Job T687 is closest to:
Business
1 answer:
Ugo [173]3 years ago
5 0

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷  30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

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2 years ago
If the exchange rate is 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars costs a. 125 Egyptian pounds b. 50
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Answer:

A. 125 Egyptian pounds

Explanation:

Let’s create a proportion using the following setup.

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We know that 5 Egyptian pounds is equal to 1 dollar.

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We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.

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5/1=x/25

We want to find out what x is, so we need to get x by itself.

x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.

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3 years ago
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Answer:

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