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Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the...

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Accounting

Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following staridards for one unit of product:
\table[[,Standard Quantity,Standard Price or Rate,Standard Cost],[Direct materials,6.50 pounds,$1.30 per pound,$8.45
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