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McDaniel Company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct materials and direct labor: Direct Materials (100 lbs. @

McDaniel Company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct materials and direct labor:

Direct Materials (100 lbs. @ $1.00 per lb.) $100.00

Direct Labor (0.5 hours at $24 per hours ) $12.00

Total Standard prime Cost per 100 lb. bag $112.00

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