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Bolander 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 M825 was completed with the following characteristics:
If the company marks up its unit product costs by 40% then the selling price for a unit in Job M825 is closest to: (Round your intermediate calculations to 2 decimal places.)
Implied Repudiation
A situation where one party's actions or statements indicate an intention not to fulfill contractual obligations, thus leading to a breach of contract.
Express Repudiation
The clear and unequivocal refusal to fulfill one's duties or obligations under a contract.
Specific Performance
A legal remedy requiring a party to execute a contract according to its precise terms, often applied in cases where monetary damages are insufficient.
Monetary Judgement
A legal determination requiring a party to pay a specified sum of money to another.
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