In addition to the information presented in Mini-Exercises 14.2 and 14.3, ABC Company currently pays a standard

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In addition to the information presented in Mini-Exercises 14.2 and 14.3, ABC Company currently pays a standard rate of $2 per pound for raw materials. Each unit should be produced in 15 minutes of direct labor time at a standard direct labor rate of $16 per hour. Manufacturing overhead is applied at the standard rate of $20 per direct labor hour.


Required:

Calculate the standard cost per unit for ABC Company.

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Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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