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Exercise 23-1 Shannon Company is planning to produce2,000units of product in 2014. Each unit requires3.00pounds of materials at $5.00per pound and a half-hour of labor

Exercise 23-1

Shannon Company is planning to produce2,000units of product in 2014. Each unit requires3.00pounds of materials at $5.00per pound and a half-hour of labor at $15.00per hour. The overhead rate is70.00% of direct labor.

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