Lake erie company uses a plantwide overhead rate with machine hours as the allocation base. next year, 600,000 units are expected to be produced taking .75 machine hours each. how much overhead will be assigned to each unit produced given the following estimated amounts?
estimated:
department 1 department 2
manufacturing overhead costs $ 3,107,500 $ 1,520,000
direct labor hours 150,000 dlh 250,000 dlh
machine hours 250,000 mh 175,000 mh
$11.57 per unit $8.17 per unit $5.61 per unit $12.43 per unit $10.89 per unit

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.