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Hennessey's standard quantities for 1 unit of product include 2.5 pounds of materials and .75 labor hours. The standard rates are $3 per pound and
Hennessey's standard quantities for 1 unit of product include 2.5 pounds of materials and .75 labor hours. The standard rates are $3 per pound and $15 per hour. The standard overhead rate is $7 per direct labor hour. The total standard cost of Hennesseys product is:
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