Homework Answers
| Direct materials (3 pounds * $7 per pound) | $21 |
| Direct labor (2 hours * $10 per hour) | $20 |
| Variable Overhead (2 hours * $6 per hour) | $12 |
| Fixed Overhead (2 hours * $9 per hour) | $18 |
| Standard product cost per unit | $71 |
Therefore, standard product cost per unit is $71.
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