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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Recently, Job P951 was completed with the following characteristics:
The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Terms 2/10, n/30
Payment terms indicating a 2% discount if the bill is paid within 10 days; otherwise, the net amount is due in 30 days.
Discount
A reduction from the usual cost of something, or an amount deducted from the regular price or interest rate.
Perpetual Inventory System
An inventory accounting technique that immediately logs the sale or acquisition of inventory using computerized point-of-sale systems and enterprise asset management software.
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