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Apple Inc. is manufacturing custom-built laptops. The company incurred direct materials costs of $2,000,000 and direct labor costs of $1,500,000 for a specific laptop order.
Apple Inc. is manufacturing custom-built laptops. The company incurred direct materials costs of $2,000,000 and direct labor costs of $1,500,000 for a specific laptop order. The predetermined overhead rate is 120% of direct labor costs. If the company worked 40,000 direct labor hours on this order, calculate the total manufacturing costs for the laptops. (10 marks)
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