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Vintech company is planning is planning to produce 1,700 units of product in 2011. Each unit requires 5 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor.compute the budgeted amounts for 2011 for direct materials to be used , direct labor, and applied overhead.compute the standard cost of one unit of product.
The first payment for interest and principal was made on September 1, 2011. At December 31, 2011, Lowe should record accrued interest payable of
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