Question: The following standards have been established for a raw material used to make product I92: Standard quantity of the material per unit of output.. 3

The following standards have been established for a raw material used to make product I92:

Standard quantity of the material per unit of output..

3 pounds

Standard price of the material.....................................

$4.50 per pound

Standard hours of labor per unit of output

2 hours

Standard rate of the labor per hour

$11 per hour

The following data pertain to a recent month

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