The standard cost of product 2525 includes 4.90 hours of direct labour at $14.80 per...
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Accounting
The standard cost of product 2525 includes 4.90 hours of direct labour at $14.80 per hour. The predetermined overhead rate is $21.20 per direct labour hour. During July, the company incurred 13,330 urs of direct labour at an average rate of $15.00 per hour and $277,876 of manufacturing overhead costs. It produced 2,700 units.
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