Lueckenhoff 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 $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed: The unit product cost for Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) $55.38
B) $42.75
C) $91.75
D) $110.75

Question

Lueckenhoff 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 $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:  The unit product cost for Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) $55.38 
B) $42.75 
C) $91.75 
D) $110.75

Quizplus · Accepted Answer

The Answer of Lueckenhoff 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 $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:  The unit product cost for Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) $55.38 
B) $42.75 
C) $91.75 
D) $110.75

Lueckenhoff Corporation Uses a Job-Order Costing System with a Single