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During the year, Vandy Company produced 310,000 components for industrial metal working machinery. Vandy's direct materials and direct labor standards per unit are as follows:

During the year, Vandy Company produced 310,000 components for industrial metal working machinery. Vandy's direct materials and direct labor standards per unit are as follows:

Direct materials (8.65 lbs. @ $4.00) $34.60

Direct labor (1.80 hr. @ $13). 23.40

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