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Steven was looking back at the profitability of a few jobs from the prior year, wondering if more profit could have been generated. The executive

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Steven was looking back at the profitability of a few jobs from the prior year, wondering if more profit could have been generated. The executive team of this custom manufacturing shop tries to achieve gross margins near 50% for all of its projects. Each completed job that Steven examined was profitable when overhead costs were determined using the company's actual costing system. Still, since he didn't have those total job costs until the end of the year, he wondered if he could have built in a larger gross margin if he had been able to better estimate these total job costs sooner. Here is more detailed information on the three jobs Steven is reviewing: In this manufacturing company, MOH is applied based on direct labor costs. (a) Determine the gross margin amount and percentage for each job under its current actual costing system. (Round pencentages to 2 decimal piaces, es 52.75% ) Additionally, what was this company's actual MOH rate for last year? (Round answers to 2 decimal ploces, eg. 52.75.)

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