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Kansas Company uses a standard cost accounting system. In 2020, the company produced28,500units. Each unit took several pounds of direct materials and 1.6 standard hours
Kansas Company uses a standard cost accounting system. In 2020, the company produced28,500units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was50,400direct labor hours. During the year,131,100pounds of raw materials were purchased at $0.92per pound. All materials purchased were used during the year.
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