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Fool Proof Kitchens manufacturers custom made self-cleaning professional grade food processors. On June 1, the company received an order from Monica Geller for one food
Fool Proof Kitchens manufacturers custom made self-cleaning professional grade food processors. On June 1, the company received an order from Monica Geller for one food processor. The order, or job, was completed and sold on June 30. The following costs were incurred for Monica's job during June: Direct material ... $60 Direct labor . . . $50 Direct laborers are paid at a rate of $10 per direct labor hour. The company applies manufacturing overhead to jobs using a predetermined overhead rate of $5 per direct labor hour. The company marks up product costs by 40% to determine sales price. What was the sales price of Monica's job? $189 $294 $154 $135 $54 To determine the job's gross profit, the is subtracted from the
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