A local store, Metlock, has sold out of its signature item, the classic rocking chair, for the past five years straight. Metlock has 3,900 units were produced compared to the 3,700 planned units, the accounting team gathered the following information. - Actual board feet purchased, 212,050; actual board feet used, 193,050; budgeted board feet per unit, 50. - Actual price per board foot, \$1.58; budgeted price per board foot, $1.60. - Actual DL hours used, 6,200; budgeted DL hours per unit, 1.6. - Actual DL rate per hour, \$20.20; budgeted DL rate per hour, \$20. - Actual variable-MOH cost, $21,700; budgeted variable-MOH rate, $3.60 per DL hour. - Actual fixed-MOH cost, $62,000; budgeted fixed-MOH rate, $10.50 per DL hour. Assuming a beginning DM Inventory balance of $16,600, show the effect of the above product cost transactions on DM Inventory and WIP Inventory, presenting T-accounts for both. Determine ending balances in each account at year-end, prior to recognizing tha onet af aonde manu iforturad and onrec What is the total cost per unit at this point? Is this a standard cost or an actual cost per unit? (Round answer to 2 decimal places, e.g. 15.25.) A local store, Metlock, has sold out of its signature item, the classic rocking chair, for the past five years straight. Metlock has 3,900 units were produced compared to the 3,700 planned units, the accounting team gathered the following information. - Actual board feet purchased, 212,050; actual board feet used, 193,050; budgeted board feet per unit, 50. - Actual price per board foot, \$1.58; budgeted price per board foot, $1.60. - Actual DL hours used, 6,200; budgeted DL hours per unit, 1.6. - Actual DL rate per hour, \$20.20; budgeted DL rate per hour, \$20. - Actual variable-MOH cost, $21,700; budgeted variable-MOH rate, $3.60 per DL hour. - Actual fixed-MOH cost, $62,000; budgeted fixed-MOH rate, $10.50 per DL hour. Assuming a beginning DM Inventory balance of $16,600, show the effect of the above product cost transactions on DM Inventory and WIP Inventory, presenting T-accounts for both. Determine ending balances in each account at year-end, prior to recognizing tha onet af aonde manu iforturad and onrec What is the total cost per unit at this point? Is this a standard cost or an actual cost per unit? (Round answer to 2 decimal places, e.g. 15.25.)