Question: PRINTER VERSION BACK NEXT Exercise 25-7 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the

PRINTER VERSION BACK NEXT Exercise 25-7 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) $15.00 $65.00 During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) Direct labor (930 hours) $4,250 $11,904

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