Question 20 Jezebel, Inc. completed Job 12 and several other jobs in the last week. The cost details of Job 12 are shown below.Direct labor cost$730Direct materials cost$110Machine hours7 hoursDirect labor hours21 hoursPredetermined overhead allocation rate per machine hourNumber of units of finished productS8127 unitsWhat is the cost per unit of finished product produced under Job 12? (Round your answer to the nearest cent.)O A. $67.00O B. $31.11O C. $52.11O D. $94.11

Given; Direct Material $730 Direct Labor 110 Overheads $81 Machine Hour 7 Hours Labor…

Answered: What is the cost per unit of finished…

Business

Accounting

What is the cost per unit of finished product produced under Job 12? (Round your answer to the nearest cent.)

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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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Question 20

Jezebel, Inc. completed Job 12 and several other jobs in the last week. The cost details of Job 12 are shown below.
Direct labor cost
$730
Direct materials cost
$110
Machine hours
7 hours
Direct labor hours
21 hours
Predetermined overhead allocation rate per machine hour
Number of units of finished product
S81
27 units
What is the cost per unit of finished product produced under Job 12? (Round your answer to the nearest cent.)
O A. $67.00
O B. $31.11
O C. $52.11
O D. $94.11

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