Interview one: person interviewed: organization: (where the person you interviewed works) what did you learn? 1. 2. 3.

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

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True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product