Question: Scott Company's variable manufacturing overhead should be $2.50 per standard direct labor-hour and fixed manufacturing overhead should be $320,000 per year. The company produces a

Scott Company's variable manufacturing overhead should be $2.50 per standard direct labor-hour and fixed manufacturing overhead should be $320,000 per year.

The company produces a single product that requires 2.5 direct labor-hours to complete. The direct labor wage rate is $20 per hour. Three yards of raw material are required for each unit of product, at a cost of $5 per yard.

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