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 31,500Total fixed manufacturing overhead cost $ 220,500Variable manufacturing overhead per machine-hour $ 6Recently, Job T687 was completed with the following characteristics:Number of units in the job 10Total machine-hours 40Direct materials $ 685Direct labor cost $ 1,370The unit product cost for Job T687 is closest to:Note: Round your intermediate calculations to 2 decimal places.Multiple Choice$120.50$257.50$205.50$64.38

Required informationExercise 2-17 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4]Skip to question[The following information applies to the questions displayed below.]Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 60,000 machine-hours would be required for the period’s estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $5.00 per machine-hour.Because Delph has two manufacturing departments—Molding and Fabrication—it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates:  Molding Fabrication TotalMachine-hours 25,000 35,000 60,000Fixed manufacturing overhead cost $ 720,000 $ 260,000 $ 980,000Variable manufacturing overhead cost per machine-hour $ 5.00 $ 2.00  During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:Job D-70 Molding Fabrication TotalDirect materials cost $ 370,000 $ 320,000 $ 690,000Direct labor cost $ 200,000 $ 160,000 $ 360,000Machine-hours 15,000 10,000 25,000Job C-200 Molding Fabrication TotalDirect materials cost $ 220,000 $ 300,000 $ 520,000Direct labor cost $ 140,000 $ 280,000 $ 420,000Machine-hours 10,000 25,000 35,000Delph had no underapplied or overapplied manufacturing overhead during the year.Exercise 2-17 (Algo) Part 2Required:2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.Compute the departmental predetermined overhead rates.Compute the total manufacturing cost assigned to Job D-70 and Job C-200.If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?What is Delph’s cost of goods sold for the year?

Use the following information to answer the next question:Estimated manufacturing overhead$520,000Estimated machine hours16,000Actual machine hours worked15,000Actual overhead costs incurred:  Indirect materials$180,000  Indirect labour$135,000  Utilities$ 40,000  Insurance$ 20,000  Rent$150,000If the company uses a predetermined overhead rate to apply overhead, manufacturing overhead applied would be:Question 2Select one:a.$487,500b.$520,000c.$525,000d.$554,667

Price Manufacturing assigns overhead based on machine hours. Department A logs 600 machine hours and Department B shows 1200 machine hours for the period. If the overhead rate is $10 per machine hour, the entry to assign overhead will show a:Question 9Answera.credit to Manufacturing overhead applied for $18,000b.credit to Work in process — department B for $12,000c.debit to Manufacturing overhead applied for $18,000d.debit to Work in process for $12,000

ill in the Blank QuestionFill in the blank question.A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4 hours of direct labor and the company expects to produce 2,000 units each month. The standard overhead rate will be $ per direct labor hour.

Estimated manufacturing overhead$450,000Estimated direct labor hours150,000Actual manufacturing overhead$405,000Actual direct labor hours180,000 Based on this information, the predetermined overhead rate per direct labor hour is $. (Enter your answer as a whole number.)