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Kandy Harts manufactures custom T-shirts.Each T-shirt can be imprinted front and back with photos,company logos or other information.Each T-shirt requires 2 ounces of ink,15 minutes of direct labor processing,folding,packaging,and a plastic bag for packaging.The following information is available regarding costs:
Kandy applied overhead at a rate of $9.40 per direct labor hour,and fringe benefits for workers are an additional 20% of wages.What is the standard price and standard quantity for manufacturing overhead?
Riparian Owner
An individual or entity that owns land adjacent to or abutting a natural watercourse like a river or stream, with certain usage rights to the water.
Constructive Bailment
A situation where a person involuntarily and unknowingly comes into possession of someone else's property, but is legally responsible for its care.
Property Transferred
The act of moving ownership or interest in a property from one person or entity to another.
Gratuitous Bailment
A bailment for the sole benefit of either the bailor or the bailee, in which the other party receives no consideration for benefits bestowed.
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