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What is the Overhead rate used to measure the Gross margin in Exhibit 1? Standard Unit Cost Target Selling Price Planned Gross margin % Last

What is the Overhead rate used to measure the Gross margin in Exhibit 1?

Standard Unit Cost Target Selling Price Planned Gross margin % Last Month: Actually Selling price Actual Gross Margin Exhibit 1: Product Profitability Analysis Bass guitarss $1765.43 $2736.42 35% Guitars $1032.72 $1600.71 35% $1580.00 35% $2300.00 23% Drums $1626.35 $2520.84 35% $2800.00 42%

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