(Answered) Question - sonic inc is planning to produce 2500 units of

Accounting

Question - Sonic, Inc. is planning to produce 2,500 units of product in 2016. Each unit requires 3 pounds of materials at $6 per pound and a half hour of labor at $16 per hour. The overhead rate is 75% of direct labor.

Compute the budgeted amounts for 2016 for direct materials to be used, direct labor, and applied overhead.

Compute the standard cost of one unit of product.

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