Statistics homework help
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 31,200Total fixed manufacturing overhead cost$156,000Variable manufacturing overhead per machine-hour$3.00Recently, Job T687 was completed with the following characteristics: Number of units in the job 10Total machine-hours 30Direct materials$665Direct labor cost$1,330The amount of overhead applied to Job T687 is closest to:a. 329.40b.240.00c. 156.00d. 48.00