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Fredrick Paulson Tie Co. manufactures neckties and scarves. Two overhead application bases are used; some overhead is applied on the basis of raw material cost
Fredrick Paulson Tie Co. manufactures neckties and scarves. Two overhead application bases are used; some overhead is applied on the basis of raw material cost at a rate of 130% of material cost, and the balance of the overhead is applied at the rate of $7.10 per direct labor hour. Required: Calculate the cost per unit of a production run of 555 neckties that required raw materials costing $2,150 and 76 direct labor hours at a total cost of $850. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Cost per tie produced $ 10.93 X
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