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Cycle Time and Velocity Norton Company has the following data for one of its production departments: Theoretical velocity: 250 units per hour Productive minutes available
Cycle Time and Velocity Norton Company has the following data for one of its production departments: Theoretical velocity: 250 units per hour Productive minutes available per year: 66,000,000 Annual conversion costs: $528,000,000 Actual velocity: 100 units per hour Required: per unit answer to the nearest cent. two decimal places. What incentive exists for managers when cycle time costing is used
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