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Riverbed, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of
Riverbed, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Riverbed estimated 9,640 tybos would be produced in March. Riverbed has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos:
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