Using the following accounts and terms, answer the questions below: Direct Labor per Unit Gross Profit Total Cost per Unit Direct Materials per Gross Profit per Unit Sales Total Unit Overhead per Unit Cost of Goods Sold Unit Sales Price Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,000 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours. PLEASE NOTE: Predetermined overhead rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). The rates will include their proper label according to the textbook examples (no abbreviations). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). All items will be listed in the same order as shown in the textbook. What is the Predetermined Overhead Rate?

Using the following accounts and terms, answer the questions below: Direct Labor per Unit Gross Profit Total Cost per Unit Direct Materials per Gross Profit per Unit Sales Total Unit Overhead per Unit Cost of Goods Sold Unit Sales Price Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,000 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours. PLEASE NOTE: Predetermined overhead rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). The rates will include their proper label according to the textbook examples (no abbreviations). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). All items will be listed in the same order as shown in the textbook. What is the Predetermined Overhead Rate?

Name: Using the following accounts and terms, answer the questions below:Di
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Description: Using the following accounts and terms, answer the questions below:Direct Labor per UnitGross ProfitTotal Cost per UnitDirect Materials perGross Profit per UnitSales TotalUnitOverhead per UnitCost of Goods SoldUnit Sales PriceFive Card Draw manufact

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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