Compute the standard cost for one pair of boots, based on the following standards for each pair of boots: Standard materials quantity: 1.25 yards of leather at $35.00 per yard Standard labor: 9 hours at $25.75 per hour Factory overhead: $1.76 per direct labor hour Round your answer to two decimal places. Total standard cost

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.