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Sivret 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 M598 was completed with the following characteristics:
The unit product cost for Job M598 is closest to: (Round your intermediate calculations to 2 decimal places.)
Void
A legal term indicating that a contract or legal instrument is invalid and has no legal effect.
Tanker
A large vessel designed for transporting liquid cargo, such as oil, gas or chemicals.
Oral Contract
An agreement between parties that is made through spoken words and promises rather than in writing, yet is legally binding.
Unilateral Mistake
A misunderstanding where one party to a contract is mistaken about a basic assumption on which the contract is based.
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