Business, 06.12.2019 22:31 dylalove4963

Lopez company uses both standards and budgets. for the year, estimated production of product x is 500,000 units. total estimated cost for materials and labor are $1,400,000 and $1,700,000.

compute the estimates for (a) a standard cost and (b) a budgeted cost. (round standard costs to 2 decimal places, e. g. 1.25.)

materials labor
a) standard cost $ $
b) budgeted cost $ $

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Lopez company uses both standards and budgets. for the year, estimated production of product x is 50...