choose the correct answer (mcqs) no need of any explanation 1) Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company

choose the correct answer (mcqs) no need of any explanation 1) 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 30,000 Total fixed manufacturing overhead cost $ 252,000 Variable manufacturing overhead per machine-hour $ 2.10 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 675 Direct labor cost $ 1,050 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: A $305.60 B $285.60 C $241.50 D $81.60 2) Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics: Number of units in the job 10 Total direct labor-hours 50 Direct materials $ 920 Direct labor cost $ 1,400 The predetermined overhead rate is closest to: A $2.80 per direct labor-hour B $8.30 per direct labor-hour C $2.70 per direct labor-hour D $5.50 per direct labor-hour 3) Spang 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 20,000 Total fixed manufacturing overhead cost $ 176,000 Variable manufacturing overhead per machine-hour $ 2.20 Recently, Job P505 was completed with the following characteristics: Total machine-hours 200 Direct materials $ 540 Direct labor cost $ 7,200 The total job cost for Job P505 is closest to: A $7,740 B $2,740 C $9,940 D $9,400

Do you need us to help you on this or any other assignment?


Make an Order Now