Homework Answers
1)
Units sold:
= $930,000 / 6
= 15,500
Contribution margin:
= [15,500 X ($60 - $5)] - $655,000 - ($930,000 X 4%)
= $160,300
2)
Predetermined overhead rate per machine hour:
= $294,300 / 32,700
= $9
Overhead applied:
= 20 X ($9 + $2)
= $220
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