Koeq NV uses a standard cost accounting system. In 2020, the company produced 28,000 units. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of €12.00. Normal capacity was 50,000 direct labor hours. During the year, 117,000 kilograms of raw materials were purchased at €0.92 per kilogram. All materials purchased were used during the year. 

Instructions

a. If the materials price variance was €3,510 favorable, what was the standard materials price per kilogram? 

b. If the materials quantity variance was €4,750 unfavorable, what was the standard materials quantity per unit?

c. What were the standard hours allowed for the units produced?

d. If the labor quantity variance was €7,200 unfavorable, what were the actual direct labor hours worked? 

e. If the labor price variance was €9,080 favorable, what was the actual rate per hour?

f. If total budgeted manufacturing overhead was €360,000 at normal capacity, what was the predetermined overhead rate?

g. What was the standard cost per unit of product?

h. How much overhead was applied to production during the year?

i. Using one or more answers above, what were the total costs assigned to work in process?