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Compute the standard cost of one unit of product

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Reference no: EM132085600

Question - Shannon Company is planning to produce 2,800 units of product in 2014. Each unit requires 3.20 pounds of materials at $8.00 per pound and a half-hour of labor at $12.80 per hour. The overhead rate is 90% of direct labor.

Compute the budgeted amounts for 2014 for direct materials to be used, direct labor, and applied overhead.

Compute the standard cost of one unit of product.

Reference no: EM132085600

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