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Question 1 5 pts Assume a company sells 600 cups that cost $3/each to make. The company sells the 600 cups to a single customer

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Question 1 5 pts Assume a company sells 600 cups that cost $3/each to make. The company sells the 600 cups to a single customer for a total of $2,000. What is the contribution margin per unit? Please round your answer to the nearest 2 decimal places. Question 2 5 pts Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs; it allocated $7,000 of overhead during the year. Kayak Company's production costs for the year were: direct labor of $40,000 and direct materials of $60,000. What was the predetermined overhead rate? Your answer should be in a 4-decimal format. or example, if your answer is 15.5%, please put your answer as 1550

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