Essay
Lamberson 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:
Recently Job P647 was completed with the following characteristics:
Required:a. Calculate the amount of overhead applied to Job P647.b. Calculate the total job cost for Job P647.c. Calculate the unit product cost for Job P647.
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Correct Answer:
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