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Required information EX 11-27 (Static) Standard Hours Allowed; Flexible Budgeting; Multiple Products (LO 11-1, 11-2)...

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Accounting

image Required information EX 11-27 (Static) Standard Hours Allowed; Flexible Budgeting; Multiple Products (LO 11-1, 11-2) [The following information applies to the questions displayed below.] Evening Star, Incorporated produces binoculars of two quality levels: field and professional. The field model requires three direct-labor hours, while the professional binoculars require five hours. The firm uses direct-labor hours for flexible budgeting. EX 11-27 (Static) Part 1: How many standard hours are allowed? Required: 1. How many standard hours are allowed in May, when 200 field models and 300 professional binoculars are manufactured

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