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

question 201

Multiple Choice

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

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Definitions:

Interdependent

A relationship in which each member is mutually dependent on the others, often used to describe social or economic systems.

Rights

Entitlements or permissions typically upheld by legal systems and ethical principles, granting individuals the ability to perform certain actions or be treated in specific ways.

Freedoms

The power or right to act, speak, or think as one wants without hindrance or restraint.

Socius

An associate or companion in a particular endeavor or relationship.