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New Jersey Valve Company manufactured 7,800 units during January of a control valve used by milk processors in its Camden plant. Records indicated the

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New Jersey Valve Company manufactured 7,800 units during January of a control valve used by milk processors in its Camden plant. Records indicated the following: Direct labor Direct material purchased. Direct material used 40,100 hr. at $14.60 per hr. 25,000 lb. at $2.60 per lb. 23,100 lb.

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