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Crane Company is planning to produce 1,500 units of product in 2022. Each unit requires 1.6 pounds of materials at $5.0 per pound and a
Crane Company is planning to produce 1,500 units of product in 2022. Each unit requires 1.6 pounds of materials at $5.0 per pound and a half-hour of labor at $16 per hour. The overhead rate is 60% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead.
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