Coates 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 $249,000,variable manufacturing overhead of $3.80 per machine-hour,and 30,000 machine-hours.The company has provided the following data concerning Job X784 which was recently completed:
If the company marks up its unit product costs by 30% then the selling price for a unit in Job X784 is closest to:
Definitions:
Economic Development
Activities and policies aimed at improving the economic well-being and quality of life of a community or country, including job creation, infrastructure improvements, and business support.
Mixed Regime
A form of government that combines elements of democracy, oligarchy, and monarchy, theoretically balancing the principles of freedom, equality, and stability.
Montesquieu
A French political philosopher of the Enlightenment who articulated the theory of separation of powers, a foundation for many modern democratic governments.
Judicial Review
The power of courts to assess whether a law or governmental action is consistent with the Constitution and, if not, to declare it invalid.
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