Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...
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Accounting
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 5.60 pounds $ 3.00 per pound $ 16.80 Direct labor 0.40 hours $ 7.00 per hour $ 2.80 During the most recent month, the following activity was recorded: Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. The company produced
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