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Compute the Total Standard Cost Per Book for Publisher's Company

question 94

Multiple Choice

Compute the total standard cost per book for Publisher's Company using the following information: Direct Materials: 1 ream of paper allowed per output unit manufactured, at $5.00 per ream.
Direct Mfg. Labour: 0.35 labour-hours of input allowed per output unit finished, at $17.50 standard cost per hour.
Variable Manufacturing Overhead: assigned on the basis of 0.25 per hour at $25 standard cost per hour per output unit finished.


Definitions:

Manufacturers

Companies or individuals that produce finished goods from raw materials on a large scale.

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