Merrick company computes a predetermined overhead rate at the beginning of the year and uses it to apply overhead to jobs throughout the year. merrick has several custom jobs in process. one of these jobs, c628, was in work in process inventory at the beginning of month. job c628 had direct materials of $6,200, direct labor of $8,680, and overhead of $17,360. if merrick applies overhead based on direct labor cost, what is merrick’s predetermined overhead rate for the year?

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

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Any point on a country's production possibilities frontier represents a combination of two goods that an economy: