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5. XYZ Company uses a standard costing system for its production process. The standard cost per unit of Product Y is as follows: -Direct Materials:

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5. XYZ Company uses a standard costing system for its production process. The standard cost per unit of Product Y is as follows: -Direct Materials: 6 liters at $8 per liter -Direct Labor: 3 hours at $12 per hour -Variable Overhead: 3 hours at $3 per hour -Fixed Overhead: $15,000 per month

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