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Salem Company applies overhead on the basis of direct labor hours. Its predetermined overhead rate is $70 per direct labor hour. The following additional information
Salem Company applies overhead on the basis of direct labor hours. Its predetermined overhead rate is $70 per direct labor hour. The following additional information is given regarding a given product: Direct material cost per unit of product is $100. Direct labor cost per unit of product is $60. 2 direct labor hours are needed to make one unit of product. What is the cost per unit (unit product cost) for the product?
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