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Question - The following standard data are available for ABC Corp to produce one unit of product X:
Direct materials: 3 yards at 5 per yard.
Direct labor: 2 hours at 10 per hour.
Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours.
What is the Standard product cost per unit?
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