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Sally's Chocolate Company Makes Gourmet Cupcakes Which Are Sold by the Dozen.Compute

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Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen.Compute the standard cost for one dozen cupcakes, based on the following standards:
Standard materials quantity: 4.25 cups of ingredients at $0.56 per cup
Standard labor: 1.10 hours at $8.30 per hour
Factory overhead: $3.80 per direct labor hour

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