Jordan Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, it estimated the manufacturing overhead rate to be 30% times the direct labor cost. In the month of June, Jordan completed Job 13C, and its details are as follows:
Direct materials cost $6,400
Direct labor cost $21,000
Direct labor hours 34 hours
Units of product produced 200
What is the cost per unit of finished product of Job 13C? (Round your answer to the nearest cent.)
A) $168.50
B) $146.60
C) $137.05
D) $136.50
A .A)
Direct materials cost $6,400
Direct labor cost 21,000
Manufacturing overhead (21,000 x 30%) 6,300
Total cost of Job 13C 33,700
Cost per unit ($33,700 / 200 units) $168.50
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The p-value for a hypothesis test is defined as the probability of observing a___________________________________________________
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