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Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor

Compute the budgeted amounts for 2011 for direct materials to be used, direct labor, and applied overhead.
Direct materials $
Direct labor $
Applied overhead $

Compute the standard cost of one unit of product. (Round intermediate calculations and your answer to 2 decimal places, e.g. 10.50.)
$

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Managerial Accounting, Accounting

Category:- Managerial Accounting
Reference No.:- M9222432

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