Computing a Standard Unit Cost
SE 3. Using the information that follows, compute the standard unit cost of Product MZW:
| Direct materials quantity standard | 5 pounds per unit |
| Direct materials price standard | $10.20 per pound |
| Direct labor time standard | 0.2 hour per unit |
| Direct labor rate standard | $10.75 per hour |
| Variable overhead rate standard | $7.00 per machine hour |
| Fixed overhead rate standard | $11.00 per machine hour |
| Machine hour standard | 3 hours per unit |
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