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-hours30,000Total fixed manufacturing overhead cost$ 252,000Variable manufacturing overhead per machine-hour$ 2.10 Recently, Job T687 was completed with the following characteristics:Number of units in the job10Total machine-hours30Direct materials$ 675Direct labor cost$ 1,050If 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
Answer: B
You might also like to view...
Which of the following procedures most likely would be included as part of an auditor's tests of controls?
A. Reconciliation. B. Confirmation. C. Inspection. D. Analytical procedures.
In the context of the Fair, Isaac and Company (FICO) score, a credit score between _____ indicates a fair to good creditworthiness.
A. 500and599 B. 600and699 C. 700and799 D. 400and499
A forecaster is assessing two different models for demand. The output from each model and the actual demand data appear in the table. Use MAD and a tracking signal to compare the two models. Which model does a better job of forecasting?
Demand Model 1 Model 2 52 55.0 51.0 52 54.7 51.9 60 54.4 52.0 56 55.0 59.2 58 55.1 56.3 58 55.4 57.8 52 55.6 58.0 57 55.3 52.6 53 55.4 56.6 57 55.2 53.4 What will be an ideal response?
A firm that maintains a "stable dollar dividend per share" will generally not increase the dividend
unless A) a stock split occurs. B) the firm merges with another profitable firm. C) the P/E ratio has increased steadily over the past 5 years. D) the firm is sure that a higher dividend level can be maintained.