Triangle catering | Accounting homework help

Triangle Catering assigns overhead to specific jobs based on direct labor hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated direct labor hours were 40,000. By the end of the year, actual overhead costs were calculated to be $525,000 and actual direct labor hours were 45,000. Required: Prepare the cost equation based upon these results. What is the variable cost per unit? 

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