Innova uses 1,000 units of the component imc2
E7-8 Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows: Direct materials $65.00 Direct labor 45.00 Overhead 126.50 Total $236.50 Overhead costs include variable material handling costs of $6.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs […]