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Assume the following information appears in the stendard cost card for a company that makes only one product: table [ [ , table

Assume the following information appears in the stendard cost card for a company that makes only one product:
\table[[,\table[[Standard],[Quantity],[or Hours]],\table[[Standard Price or],[Rate]],\table[[Standard],[Cost]]],[Direct materials,5 pounds,$11.00 per pound,$55.00
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