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Anderson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard...

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Accounting

Anderson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 9.7 kilos $ 7.20 per kilo Direct labor 0.3 hours $ 32.00 per hour Variable overhead 0.3 hours $ 7.20 per hour The company reported the following results concerning this product in August. Actual output 4,400 units Raw materials used in production 30,230 kilos Purchases of raw materials 32,800 kilos Actual direct labor-hours 1,100 hours Actual cost of raw ma

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