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 20,000Total fixed manufacturing overhead cost$176,000Variable manufacturing overhead per machine-hour$2.20Recently, Job P505 was completed with the following characteristics: Total machine-hours 200Direct materials$540Direct labor cost$7,200The amount of overhead applied to Job P505 is closest to:
A. $2,640
B. $2,200
C. $440
D. $1,760
Answer: B
Business
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