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Cardosa 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 70,000 machine-hours, total fixed manufacturing overhead cost of $308,000, and a variable manufacturing overhead rate of $2.10 per machine-hour.Job M556, which was for 50 units of a custom product, was recently completed.The job cost sheet for the job contained the following data: Required:
a.Calculate the total job cost for Job M556.
b.Calculate the unit product cost for Job M556.
Hasty Generalization
A fallacy in which a conclusion is not logically justified by sufficient or unbiased evidence.
Composition
The act of combining parts or elements to form a whole; in logic, the fallacy of assuming that what is true of the part is true for the whole.
Fallacy Of Division
The erroneous reasoning that what is true of the whole must also be true of its parts.
Toledo
A city known for its rich history, located in central Spain, or a city in the U.S. state of Ohio.
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