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Standard Product Costs Deerfield Company manufactures product M in its factory. Production of M requires 2 pounds of material P, costing $12 per pound and
Standard Product Costs Deerfield Company manufactures product M in its factory. Production of M requires 2 pounds of material P, costing $12 per pound and 0.5 hour of direct labor costing, $18 per hour. The variable overhead rate is $16 per direct labor hour, and the fixed overhead rate is $20 per direct labor hour. What is the standard product cost for product M?
Direct material | Answer | ||
Direct labor | Answer | ||
Variable overhead | Answer | ||
Fixed overhead | Answer | ||
Standard product cost per unit | Answer |
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