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Computation of Inputs Allowed, Direct Materials and Direct Labor
During the year, Minot Company produced 120,000 drills for industrial equipment. Minot's direct materials and direct labor standards are as follows:
Direct materials (2.5 lbs. @ $4) $10.00Direct labor (0.6 hrs. @ $13) 7.80
Required:
Compute the standard pounds of direct materials allowed for the production of 120,000 units.
Compute the standard direct labor hours allowed for the production of 120,000 units.
Select an accounting scandal from the listing provided in class.
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