+ HW-Chapter 11 Question 3 of 4

HW-chapter 11 Question 3 of 4 1.67 / 3 Kansas Company uses a Standard COSt accounting System, In 2020 the company produced 27,700 units, Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $1200_ Normal capacity was 50.100 direct labor hours. During the year. 130.900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. Your answer is correcL It the materials price variance was 31.309 tavorable, what was the standard materials price per pound? (Round answer to 2 dEima' places. e.g. 2.75.' Standard materials price per pound eTextbook and Media Attempts: I of 5 used