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Standard Costs per unit: 2 kg of material X @ $5 per kg = $10 4 kg of material Y @ $6 per kg =

Standard Costs per unit: 2 kg of material X @ $5 per kg = $10 4 kg of material Y @ $6 per kg = $24 3 hours of labour @ $10 per hour = $30 $64 Purchased 2,500 kg of material X for a total cost of $12,750. Purchased 4,200 kg of material Y for a total cost of $26,250. In completion of 1,000 units actual costs were: Paid for 3,100 hours of labour costing $32,550. Used 2,200 kg. of material X. Used 3,900 kg. of material Y. REQUIRED: For both material X and Y: Compute MPV (Both methods), MEV Also compute LRV and LEV.

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