Petru 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 P987 was completed with the following characteristics:
Required:
Calculate the unit product cost for Job P987.
Definitions:
Sole Proprietorships
A form of business entity owned and run by one individual where there is no distinction between the owner and the business.
Million
A numerical term representing one thousand thousands, or 1,000,000, used often to describe quantities or amounts in demographic, financial, and statistical data.
United States
A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.
Sole Proprietorships
A business structure where a single individual owns the company and is responsible for its debts and legal liabilities.
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