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Blue Company uses both standards and budgets. For the year, estimated production of Product X is 513,000 units. Total estimated cost for materials and labor

Blue Company uses both standards and budgets. For the year, estimated production of Product X is 513,000 units. Total estimated cost for materials and labor are $1,231,200 and $1,590,300 Materials Labor

(a) Standard cost $

$

(b) Budgeted cost $

$.

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