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Topaz Company makes one product and has set the following standards for materials and labor: Standard quantity or hours per unit. . . . ?
Topaz Company makes one product and has set the following standards for materials and labor:
Standard quantity or hours per unit. . . . ? pounds 2.5 hours Standard price or rate .............. ? per pound $9.00 per hour Standard cost per unit .............. ? $22.50Step by Step Solution
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