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accounting and finance SHAW Manufacturing Company manufactures garden boxes. The company is currently using a Traditional Costing System to determine the cost of manufacturing its
accounting and finance
SHAW Manufacturing Company manufactures garden boxes. The company is currently using a Traditional Costing System to determine the cost of manufacturing its garden boxes, and has been allocating overhead costs using machine hours. The budget prepared for the 2022 operating year reflected the following information: During 2022, 1500 garden box orders were worked on. Production and activity data pertaining to this job are presented below: 1.) Using the Traditional Costing Svstem: (a) Compute the predetermined MOH allocation rate for 2022. (3 marks) (b) Calculate the total product cost for a single garden box. (11 marks) (c) If management would like to make a profit margin of $500 per box, what should the selling price be? (2 marks) Step by Step Solution
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