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Compute the standard cost for one hat, based on the following standards for each hat: Standard material: Standard labor: Factory overhead: Round your answer to

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Compute the standard cost for one hat, based on the following standards for each hat: Standard material: Standard labor: Factory overhead: Round your answer to two decimal places. 3/4 yard of fabric at $5.00 per yard 2 hours at $5.75 per hour $3.20 per direct labor hour Total standard cost

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