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Crede Manufacturing Company uses a standard cost accounting system. In 2020, 29,000 units were produced. Each unit took several kilograms of direct materials and 1.6
Crede Manufacturing Company uses a standard cost accounting system. In 2020, 29,000 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 $9. Normal capacity was 50,200 direct labour hours. During the year, 118,900 kg of raw materials were purchased at $0.94 per kilogram. All materials purchased were used during the year. (a) | Your answer has been saved and sent for grading. See Gradebook for score details. If the materials price variance was $7,134 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.) Standard price per kilogram 1 Attempts: 1 of 1 used (b) If the materials quantity variance was $5,800 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.) Standard materials quantity per unit kilograms
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