1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
You receive an email that you have won $100. For the company to transfer the money to your account, they need access to your ban
Sophie [7]

Answer:

B

Explanation:

8 0
3 years ago
When administering a transfusion of packed red blood cells, it is important to?
elena-s [515]
When administering a transfusion of packed red blood cells, it is important to make sure that the entire pack is being transfused within four hours. It should be within this time range in order to avoid the cells to deteriorate and prevent bacterial growth.
5 0
3 years ago
The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product
denis-greek [22]

Answer:

The correct answer is (A)

Explanation:

The cost which is directly associated with converting materials into a finished product is known as direct labour cost. The cost of wages paid to employees is the direct cost involved in the manufacturing process. In other words, a cost that is directly involved in the production of goods and services is the direct cost, for example, direct cost, direct commission, direct material cost.

5 0
3 years ago
Which three factors make starting a business a highly risky investment?
Alika [10]
The correct options are B, C and E.
Starting a business can be a risky move because of some elements which are involved in creating a new business. For instance, large amount of capital is needed to start a typical business and the uncertain conditions which prevails in the business world can make one to lose one's capital in no time at all. The extent to which assets can be converted to cash is also one of the risks that one must considered.
3 0
3 years ago
We say that the economy as a whole is in macroeconomic equilibrium if:
Serga [27]

For the economy as a​ whole, macroeconomic equilibrium if the total​ spending, or aggregate​ expenditure, equals total​ production, or​ GDP: Aggregate Expenditure​ = GDP.

Macroeconomic equilibrium happens when the quantity of real GDP demanded equals the amount of actual GDP provided at the point of intersection of the ad curve and the AS curve. If the amount of actual GDP provided exceeds the amount demanded, inventories pile up in order that corporations will reduce production and expenses.

Macroeconomic equilibrium is a situation within the economy in which the amount of combination called for equals the quantity of aggregate supply. If there are changes in both aggregate call for or mixture deliver, you can additionally see a trade-in rate, unemployment, and inflation.

The amount of output furnished may be extra than the mixture demand. charges will begin to fall to dispose of the surplus output. As fees fall, the amount of combination demand will increase and the economy returns to equilibrium.

Learn more about macroeconomic equilibrium here: brainly.com/question/1971734

#SPJ4

5 0
2 years ago
Other questions:
  • Brenda has recently been denied a promotion. This is the third time she was turned down for promotion despite excellent performa
    9·2 answers
  • Cathy’s apartment was broken into and her two-year-old sound system was taken. Cathy had paid $1,400 for the system, but it will
    9·1 answer
  • Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The home comes equipped with all furnishings. T
    6·1 answer
  • Buford Bus Manufacturing installs a new assembly line. As a result, the output produced per worker increases. The marginal cost
    14·1 answer
  • Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2's choice before making her decision, a
    11·1 answer
  • Making a down payment reduces the
    12·2 answers
  • Some schools provide free breakfast go to all students rather than to those who face food insecurity because offering to it all
    6·1 answer
  • It is common in large breweries for the long-run average total cost to decline as output increases. this indicates that many bre
    10·2 answers
  • 1-year Treasury bill yield is 3.5%. 10-year Treasury bond yield is 4.5%. Expected rate of inflation embedded in both the Treasur
    14·1 answer
  • the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!