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The standard cost of Product B manufactured by MIT Company includes 3.20 units of direct materials at $5.20 per unit. During June, 27,000 units of

The standard cost of Product B manufactured by MIT Company includes 3.20 units of direct materials at $5.20 per unit. During June, 27,000 units of direct materials are purchased at a cost of $5.10 per unit, and 27,000 units of direct materials are used to produce 8,300 units of Product B.

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