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Spencer Company Manufactures a Single Product That Has a Standard

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Spencer Company manufactures a single product that has a standard materials cost of $20 (4 units of materials at $5 per unit), standard direct labor cost of $9 (1 hour per unit), and standard variable overhead cost of $4 (based on direct labor hours).Fixed overhead is budgeted at $17,000 per month.The following data pertain to operations for May 2011:
Spencer Company manufactures a single product that has a standard materials cost of $20 (4 units of materials at $5 per unit), standard direct labor cost of $9 (1 hour per unit), and standard variable overhead cost of $4 (based on direct labor hours).Fixed overhead is budgeted at $17,000 per month.The following data pertain to operations for May 2011: Required: Required:
Spencer Company manufactures a single product that has a standard materials cost of $20 (4 units of materials at $5 per unit), standard direct labor cost of $9 (1 hour per unit), and standard variable overhead cost of $4 (based on direct labor hours).Fixed overhead is budgeted at $17,000 per month.The following data pertain to operations for May 2011: Required:

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