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During the year, Minot Company produced 120,000 drills for industrial equipment. Minot's direct materials and direct labor standards are as follows:

Direct materials (2.5 lbs. @ $4): $10.00
Direct labor (0.6 hrs. @ $13): 7.80

Required:

Compute the standard pounds of direct materials allowed for theproduction of 120,000 units.

Compute the standard direct labor hours allowed for theproduction of 120,000 units.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797238

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