Hofburg's standard quantities for 1 unit of product include 2 pounds of materials and 1.5...
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Accounting
Hofburg's standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg's product is
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