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DMA, Inc., processes corn into corn starch and corn syrup. The company's productivity and cost standards follow:From every bushel of corn processed, 13 pounds of starch and 3 pounds of syrup should be produced.Standard direct labor and variable overhead total $0.43 per bushel of corn processed.Standard fixed overhead (the predetermined fixed overhead application rate) is $0.35 per bushel processed.
Required: Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 14,000 bushels of corn if the average cost per bushel is $1.41.
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Once you have read the extract by Sen, attempt the review and discussion questions1-3 and 5 (ignore 4) on p.165, and be prepared to discuss your answers with your colleaguesin your tutorial.
this question has been posted before. i cant get it and neither could the last person nor several who tried it for that
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