odgoricu La Mal- Macey Guide US Walt, Managerial Accounting, te Assignment Gradebook ORION Downloadable eTexthon lignment CALCULATOR RTLESSIO HEAT ES Brief Exercise 11-1 Your answer is partially correct. Try again. Lopez Company used both standards and budgets. For the year, estimated production of Product X is 500,000 units. Total estimated cost formaterials and labor are $1,400,000 ani 31,700,000 Compute the estimates for (a) a standard cost and (b) a budgeted cost, (Round standard costo decimal places. 0.1.25) Materials Labor Standard cost 2.80 1400000 by Budgeted cost 3:40 1700000 ly Click if you would like to Show Work for this question. She was ENTO TEXT Question Attempts: 1 of 3 used BEFOR LATER O 9 1/21 hp