Peregrine company sells product mark iv for $50 per unit and uses the lower-of-cost-or-market to value inventory. the cost of one unit is $40, and the replacement cost is $37. the estimated cost to dispose of a unit is $9, and the normal profit is 40%. peregrine company should report per unit for product mark iv at the end of the reporting period.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:

Considered to be a "super tool" or tool that has high use and high potential for improving project success?