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At the beginning of the year, Raja Company had the following standard cost sheet for one of its chemical products Direct materials (4 kg @

At the beginning of the year, Raja Company had the following standard cost sheet for one of its chemical products

Direct materials (4 kg @ $2.80) $11.20 Direct labour (2 hrs. (@ $18.00) 36.00 Fixed overhead (2 hrs. @ $5.20) 10.40 Variable overhead (2 hrs. @ $0.70) 1.40 Standard cost per unit $59.00

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