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Standard Product Costs Deerfield Company manufactures product M in its factory. Production of M...

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Accounting

Standard Product Costs
Deerfield Company manufactures product M in its factory. Production of M requires 2 pounds of material P, costing $8 per pound and 0.5 hour of direct labor costing, $14 per hour. The variable overhead rate is $12 per direct labor hour, and the fixed overhead rate is $16 per direct labor hour. What is the standard product cost for product M?
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