Parsons company is planning to produce 2,800 units of product in 2017. each unit requires 1.20 pounds of materials at $5.60 per pound and a half-hour of labor at $12.00 per hour. the overhead rate is 70% of direct labor. (a) compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. direct materials $ direct labor $ overhead $ (b) compute the standard cost of one unit of product. (round answer to 2 decimal places, e. g. 2.75.) standard cost $ click if you would like to show work for this question: open show work
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Parsons company is planning to produce 2,800 units of product in 2017. each unit requires 1.20 pound...
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