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Hofburg's standard quantities for one unit of product include 2 pounds of materials and 15 labor hours. The standard rates are $2 per pound and

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Hofburg's standard quantities for one unit of product include 2 pounds of materials and 15 labor hours. The standard rates are $2 per pound and $20 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost per unit of Hofburg's product is a. 546,00 Ob $22.00 c. $14.50 O 0.534.00

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