Larkin Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit:...
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Accounting
Larkin Company accumulated the following standard cost data concerning product I-Tal.
Direct materials per unit: 2 pounds at $5 per pound Direct labor per unit: 0.2 hours at $16 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $20 per direct labor hour
Compute the standard cost of one unit of product I-Tal.
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