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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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cartel

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What are the three parts of the federal reserve system
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3 years ago
Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the s
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Answer:

In the first step jessica should discuss the basic and general ideas of creating business.

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So, she has thought to demonstrate the ideas in a sequential order with proper examples and all the steps should be explained nicely.

So,here in the first step she will need to:

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Answer:

How is the price elasticity of demand​ measured?

c. by dividing the percentage change in the quantity demanded of a product by the percentage change in the product's price

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Answer:

Would you cut back on making repairs and keeping the building in a safe and

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How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage  the building or change it to make it both livable and profitable?

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