Chapter 3, Problem 16P

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Nick and Partners, a law firm, worked on a total of 1,000 cases this month, 800 of which were completed during the period. The remaining cases were 40% complete. The firm incurred $180,000 in direct labor and overhead costs during the period and had $4,800 in direct labor and overhead costs in beginning inventory. Using the weighted average method, what was the total cost of cases completed during the period?

What was the variable overhead rate

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The company's minimum required rate of return is

with a growth rate of 8%. ??

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