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Golden Food Products produces special - formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell

Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 125,000 cases at a budgeted price of $60 per case this year. The standard direct cost sheet for one case of pet food follows:
\table[[Direct,(3 pounds @ $2),$6
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