Ex 3-20 P.75 (10) An engineering from operates a job casting system. Production of is absorbed at the rate of 3.50 per machine hour. In order to allow for non-production on cost and profit, mark-up of 60 cent par of prime cost is added to the production cost when preparing price estmates. The estimated requirements of job number 308 are as follow! Direct materials # 10, GSO labor # 3, 2.60 Machine hours 140 The estimated price notified to the custome for job no. 508 will be A. 4 22., 256 B. $22,651 C. * 23, 446 D# 24,160 Scanned with CamScanner leveti Q-1. The Olca Ashtray Company has provided the following information about factory of cost and production Normal Capacity 350,000 unik Expected capacity 310,000 units Fired expenses $619,000 Variable expensa +1.76 per Required! Compute the factory out application rate on the basis of units of production for both normal and expected actual capacity, unit Scanned with CamScanner Scanned with Camscanner 8.2. Assume the following information for the G. Long Company (all estimated figures. Factory ou $ 425,000 Units of production 500,00 Direct material cost $ 1,000,000 Direct labor cost $ 1.500,000 Direct labor hours 2.59,000 Machine hours 110,000 Required: Compute the factory of applications rate for the G. Long Company under the following boses a) Unit of production b) Direct material cost e Direct labor cost Labor hours e) Machine hours Scared with CamScanner THE END