Bridgeport Manufacturing Company uses a standard cost accounting system. In 2022, 28,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $15.00. Normal capacity was 45,000 direct labour hours. During the year, 112,000 kg of raw materials were purchased at $0.96 per kilogram. All materials purchased were used during the year.

(a)

If the materials price variance was $4,480 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.)

Standard price per kilogram

$enter the standard price per kilogram in dollars rounded to 2 decimal places