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QUESTION
strait corp. uses the following standard costs for a single unit of product: direct labor (5 hours @$12/hour), overhead (4 hours @$7/hour.
strait corp. uses the following standard costs for a single unit of product: direct labor (5 hours @$12/hour), overhead (4 hours @$7/hour. actual data for the month showed overhead costs of $524,000 for 20000 units produced. What is the difference between actual overhead cost and standard overhead costs allocated to products?
