10 acct questions 5

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Debra Company uses both standards and budgets. For the year, estimated production of Product X is 508,000 units. Total estimated cost for materials and labor are $1,066,800 and $1,422,400 respectively.

Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, e.g. 1.25.)

Materials Labor

(a) Standard cost $ $

(b) Budgeted cost $ $

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