2. Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2. 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 32,700 Total fixed manufacturing overhead cost $294,300 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 20 Direct materials $545 Direct labor costs $1,090 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Answer. 2. 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 32,700 Total fixed manufacturing overhead cost $294,300 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 20 Direct materials $545 Direct labor costs $1,090 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Answer.
Expert Answer:
Answer rating: 100% (QA)
Plantwide rate Total fixed manufacturing costTotal machine hours 29... View the full answer
Related Book For
Management and Cost Accounting
ISBN: 978-1405888202
4th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
Posted Date:
Students also viewed these accounting questions
-
East Lake Corporation uses a job order costing system and applies manufacturing overhead using a predetermined overhead rate. The following data are available. 1. Compute the predetermined overhead...
-
Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Find the missing amounts by treating each case independently....
-
Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts Case...
-
Marc & Kent operate a vineyard as partners. The partnership trades under the business name Victor Estate. Victor Estate has prepared a general ledger for the 2023 income year showing the following...
-
"Interest rates were expected to increase by 85% of all consumers in the May 2004 survey, more than ever before," said Richard Curtin, the Director of the University of Michigans Surveys of...
-
Documentation methods such as DFDs, BPDs, and flowcharts save both time and money, adding value to an organization. a. True b. False
-
Water flows out through a set of thin, closely spaced blades as shown in Fig. P5.4 with a speed of \(V=10 \mathrm{ft} / \mathrm{s}\) around the entire circumference of the outlet. Determine the mass...
-
Clean Sweep Company produces all-vinyl mats. Each doormat calls for 0.5 meter of vinyl material; the material should cost $3 per meter. Standard direct labor hours and labor cost per doormat are 0.3...
-
Finer, % 100 90 80 70 60 50 40 30 20 10 0 0.01 0.1 1 Size, mm L 10 100 Figure shows a grain size distribution curve of soil. Estimate the coefficient of curvature (Cc) of this soil.
-
The Golden Oranges Nursery, which provides facilities for pre-school children on a commercial basis, is preparing its cash budget for next year. A profile of the estimated revenues and expenses for...
-
Haywards Bay Seafoods General Journal GJ1 Date 30/9/x3 Depreciation Expense 30/9/X5 Details Accumulated depreciation Truck Depreciation expense for truck at time of sole. 30/9/x5 Accounts receivable...
-
As shown below, a 68 kg box is pulled by a 676 N force at an angle of 22 from the horizontal. The coefficient of kinetic friction is 0.3. Find the acceleration of the box. a F F
-
1. Differentiate between conduction and convection. (2 marks) 2. A car moves down the highway at 25 m/s. The next stop is 200 seconds away. How far is the rest stop from the bus? (3 marks)
-
Albert tries to move a desk of 27.5 kg of mass that is at rest on a horizontal surface. The desk barely starts sliding as soon as Albert exerts 45.6 N. What is the coefficient of friction between the...
-
As shown below, a 30 kg box is pulled with an angle of 30 from the horizontal. Calculate the force needed to move the box with an acceleration of 3.6 m/s if the coefficient of kinetic friction is...
-
1. A 'Li nucleus has a charge equal to +3e and a mass that is equal to the mass of seven protons. A Li nucleus and a proton are both moving perpendicular to a uniform magnetic field. The magnitude of...
-
Beyonca Ltd is a small manufacturing business which processes and sells a special type of herbal tea to distributors as well as retail outlets. Below are current selling prices and variable costs per...
-
As of January 1, 2018, Room Designs, Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...
-
What are the steps in planning variable-overhead costs?
-
Assume the same information for Genve Dfense Systmes as in Exercise 9.17 except that Genve Dfense Systmes uses a 90% incremental unit-time learning curve as a basis for forecasting direct...
-
Turun Telelaitos Oy manufactures cordless telephones. Turun Telelaitos is planning to implement a JIT production system, which requires annual tooling costs of 150000. Turun Telelaitos estimates that...
-
Examine Fowlers account pattern on following characteristics: a. Simplicity b. Generality c. Completeness d. Stability e. Visual and graphical model f. Testability
-
Draw a class diagram for resource rental pattern and its installation for library service by using analogy approach.
-
What is Fowlers account pattern? Explain with the help of a diagram.
Study smarter with the SolutionInn App