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a. Hollywood Limited uses a job-order costing system and applies manufacturing overheads to jobs using a predetermined overhead rate based on direct labour-hours. Last
a. Hollywood Limited uses a job-order costing system and applies manufacturing overheads to jobs using a predetermined overhead rate based on direct labour-hours. Last year manufacturing overhead and direct labour-hours were estimated at $90,000 and 30,000 hours, respectively In August, the company completed Job # 50, among others. With respect to Job #50, material costs were $9000, and labour costs were $5000 at $10 per hour. At the end of the year, it was determined that the company worked 28,000 direct labour- hours for the year and incurred $85,000 in actual manufacturing overhead costs. Required (show your calculation): i) Job # 50 contained 475 units. Determine the unit product cost that would appear on the job cost sheet for Job #50. 440 morre
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