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Please help! Thank you! Shakti Company budgets overhead cost of $73,000 for the year. The company reports the following for its standard and deluxe models.
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Shakti Company budgets overhead cost of $73,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Standard Deluxe Direct materials $ 15 $ 26 Direct labor 21 30 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,300 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total product cost per unit for both models. Cost per Unit Direct Materials Direct Labor Overhead Product Cost per Unit 25 Standard Deluxe 15 $ 26 $ 21 30 $ Step by Step Solution
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