Hed LLC uses a job order costing system with a single plant wide predetermined overhead...
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Accounting
Hed LLC uses a job order costing system with a single plant wide predetermined overhead rate based on machine hours. The LLC based its predetermined overhead rate for the current year on this data:
Total Machine hours - 31,399
Total fixed manufacturing overhead cost - $464,400
Variable manufactign overhead per machine hour - 4.10
Recently Job T687 was completed with this data:
Number of units in job - 10
total machine hours - 29
direct materials - 784
direct labor cost - 2760
If the company marks up its unit product costs by 50% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.
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