Compute the standard cost per finished unit for the normal or expected standards and for the ideal standards. Explain how both normal and ideal standards would be used bymanagers.

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Normal or Expected Standards Direct materials quantity per unit Direct materials price per pound Direct labor hours per unit Direct labor rate per hour Ideal Standards 1.8 lbs. per unit $7.75 per Ib. 2.8 hours per unit $21.50 per hour . . . 2 bs. per unit $8 per lb. 3 hours per unit $22 per hour