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Business, 13.12.2019 04:31 gracethegreat1
Regent corp. uses a standard cost system to account for the costs of its one product. materials standards are 2.9 pounds of material at $14 per pound, and labor standards are 4 hours of labor at a standard wage rate of $11. during july regent corp. produced 3,200 units. materials purchased and used totaled 10,010 pounds at a total cost of $141,690. payroll totaled $147,680 for 13,320 hours worked.
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Regent corp. uses a standard cost system to account for the costs of its one product. materials stan...
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