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Use the following information for the next 4 questions.
Horton Company produces and sells two products: round and square tables. In August 20x0, the budget projected the following for 20x1: The tables are manufactured using the following direct materials:
Budgeted data for 20x1 direct materials are:
Budgeted data for 20x1 Direct labor and overhead are:
Direct labor:
-The cost of purchases for direct material P for 20x1 is
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