The following data relate to Product D.
Material cost per unit
$20.00
Labour cost per unit
$69.40
Production overhead cost per machine hour
$12.58
Machine hours per unit
14
General overhead absorption rate
8% of total production cost
What is the total cost per unit of Product D, to the nearest $0.01?
$ ________ per unit
The correct answer is: $286.76
Material
Labour
Production overhead (14 hours ´ $12.58)
Total production cost
General overhead (8% ´ $265.52)
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