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BE 13-14 Contingency LO13-5, L013-6 Skill Hardware is the plaintiff in a $16 million lawsuit filed against a supplier. The litigation is in final appeal

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BE 13-14 Contingency LO13-5, L013-6 Skill Hardware is the plaintiff in a $16 million lawsuit filed against a supplier. The litigation is in final appeal and legal counsel advises that it is virtually certain that Skill will win the lawsuit and be awarded $12 million. How should Skill account for this EXERCISE 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates LO2-4 Braverman Company has two manufacturing departments-Finishing and Fabrication. The prede- termined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Finishing Fabrication Direct materials $410 $60 Direct labor... $128 $48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job

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