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Kostelnik 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 total fixed manufacturing overhead cost of $468,000, variable manufacturing overhead of $2.10 per machine-hour, and 72,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed: The unit product cost for Job A496 is closest to: (Round your intermediate calculations to 2 decimal places.)
Cost-Volume-Profit Analysis
Cost-Volume-Profit Analysis is a management accounting tool that helps determine how changes in cost and volume affect a company's profit.
Curvilinear
Pertains to something shaped or moving in curved lines.
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true.
High-Low Method
An accounting method used to estimate the fixed and variable components of a cost based on the highest and lowest levels of activity.
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