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Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6
Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,300 direct labor hours. During the year, 130,200 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year. *(a) Your answer is correct. If the materials price variance was $5,208 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound Attempts: 1 of 15 used *(b) Your answer is correct. If the materials quantity variance was $13,423 unfavorable, what was the standard materials quantity per unit? (Round answer to 1 decimal place, e.g. 1.5.) Standard materials quantity per unit 20 Attempts: 1 of 15 used *(c) Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed 4160 Attempts: 1 of 15 used *(d) Your answer is correct. If the labor quantity variance was $4,800 unfavorable, what were the actual direct labor hours worked? Actual hours worked 560 Attempts: 1 of 15 used *(e) Your answer is correct
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