Question: Multiple Choice Question 78 Crane's standard quantities for 1 unit of product include 4 pounds of materials and 1.5 labor hours. The standard rates are

Multiple Choice Question 78 Crane's standard quantities for 1 unit of product include 4 pounds of materials and 1.5 labor hours. The standard rates are $5 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Crane's product is $30.50 O $22.50 O $42.50 O $20.00

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