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Hello, I would like some assistance with part 3 please Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 units were produced.
Hello, I would like some assistance with part 3 please
Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 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. Normal capacity was 46,900 direct labour hours. During the year, 117,000 kg of raw materials were purchased at $0.92 per kilogram. All materials purchased were used during the year. * Question 5 Your answer has been saved and sent for grading. See Gradebook for score details. If the materials price variance was $9,360 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.) Standard price per kilogram $ 1.00 Attempts: 1 of 1 used * Question 5 Your answer has been saved and sent for grading. See Gradebook for score details. If the materials quantity variance was $5,200 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.) Standard materials quantity per unit 4.3 kilograms Attempts: 1 of 1 used * Question 5 What were the standard hours allowed for the units produced? Standard hours allowedStep by Step Solution
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