Question: Direct materials (2lb per bag, cost $3 per pound) Direct labor 1 hour per bag, cost $17 per hour) Static budget variable overhead $20000 Static

Direct materials (2lb per bag, cost $3 per pound)

Direct labor 1 hour per bag, cost $17 per hour)

Static budget variable overhead $20000

Static budget fixed overhead $10000

Static budget number of items to produce 30000

Calculate standard predetermined variable overhead, standard predetermined fixed manufacturing overhead, standard cost quality and price for direct materials, standard cost quality and price direct labor.

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