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National Inc.manufactures two models of CMD that can be used as cell phones,MPX,and digital camcorders.
National uses a volume-based costing system to apply factory overhead based on direct labor dollars.The unit prime costs of each product were as follows:
National's controller had been researching activity-based costing and decided to switch to it.A special study determined National's two products have the following budgeted activities:
Using the firm's volume-based costing,applied factory overhead per unit for the High F model is (rounded to the nearest cent) :
Stipulative Definition
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Consuming
The act of using up or eating something; in economics, it refers to the purchase and use of goods and services by households.
Genus
In biology and taxonomy, genus refers to a rank used in the classification of organisms, grouping together species that share common characteristics.
Consumable
An item intended to be used up and then replaced, often relating to goods that are eaten, drunk, or expended through use.
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