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Obermeyer 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 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-hour.Job A735, which was for 40 units of a custom product, was recently completed.The job cost sheet for the job contained the following data: Required:
a.Calculate the amount of overhead applied to Job A735.
b.Calculate the total job cost for Job A735.
c.Calculate the unit product cost for Job A735.
No Strikes or Lockouts
A policy or agreement within a workplace ensuring that workers do not engage in strikes and employers do not lock employees out.
Good Faith Bargaining
The principle that both parties in negotiations, such as employers and unions, must participate honestly and sincerely to reach a mutually acceptable agreement.
Careless Worker Model
The early approach to safety in the workplace, which assumed that most accidents were due to workers’ failure to be careful or to protect themselves.
Accidents
Unplanned events that result in injury or harm to individuals, damage to property, or a combination thereof.
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