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Trico Company set the following standard unit costs for its single product. Direct materials (29 Ibs. @ $4.00 per Ib.) $ 116.00 Direct labor (8

Trico Company set the following standard unit costs for its single product.

Direct materials (29 Ibs. @ $4.00 per Ib.) $ 116.00
Direct labor (8 hrs. @ $8.00 per hr.) 64.00
Factory overhead

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