Question: Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fabric at $4.00 per

Compute the standard cost for one hat, based on the following standards for each hat:

Standard Material Quantity: 3/4 yard of fabric at $4.00 per yard
Standard Labor: 1 hour at $5.75 per hour
Factory Overhead: $2.90 per direct labor hour

Round your answer to two decimal places. $

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