Jax Inc., which uses a volume-based cost system, produces dog houses, and has a gross profit margin of 24%. Direct materials cost $3 per unit, and direct labor costs $5 per unit. Manufacturing overhead is applied at a rate of 142% of direct labor cost. Non manufacturing costs are $8 per unit. How much does each dog house sell for? (Round your answer to 2 decimals)
Jax Inc., which uses a volume-based cost system, produces dog houses, and has a gross profit margin of 24%. Direct materials cost $3 per unit, and direct labor costs $5 per unit. Manufacturing overhead is applied at a rate of 142% of direct labor cost. Non manufacturing costs are $8 per unit. How much does each dog house sell for? (Round your answer to 2 decimals)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jax Inc., which uses a volume-based cost system, produces dog houses, and has a gross profit margin of 24%. Direct materials cost $3 per unit, and direct labor costs $5 per unit. Manufacturing
How much does each dog house sell for? (Round your answer to 2 decimals)
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