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5. Cocino Ltd. uses the standard 20 costing system and allocates overhead based on direct labor hours (DLH). Its predetermined overhead rate (POHR) is

5. Cocino Ltd. uses the standard 20 costing system and allocates overhead based on direct labor hours (DLH). Its predetermined overhead rate (POHR) is $7/DLH. The following table is for cost information per output unit. Estimate the product cost using the standard costing. DM DLH DL wage rate $410 $392 $387 $425 Budgeted $45 18 hrs $12 Actual $50 20 hrs $11

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