On May 1, 2020, Bonoit Company began the manufacture of a new paging machine known as Sleek. The company installed a standard costing system to account for manufacturing costs. The Actual production in May was 4,900 unts of Sieek, and actual sales in May were slandard costs for a unit of Sleok and other information folow: 3,500 units. The amount shom for direct materials price variance apples to materiss purchnsed and used during May. Thore was no beginning tiventory of matorias on Data table Requirements Compute each of the following items for Bonot Company for the month of May. Show your computations by first selecting the lormula, then entering the armounta in the formula, and then solving for your answe. 1. (a) Standard cost pee pound of direct materias. (b) Standand houns por unit of direct manufacturing labor, (c) Standard manufacturing overhead cost oxpressed as a percensange of sandard direct manclacturing labor cost, (d) standard cost per unit (gagng machine) 2. Standard direct manufacturing laborhours allowed for actual output produced 3. Actual Groct marufacturing labor-hours worked 4. Actual direct manufacturing labor wage rate 5. Standard cuanty of direct materials allowed (in pounds) 6. Actual euantty of direct masenias purchased and used (in pounds) 7. Actual direct materials price per pound On May 1, 2020, Benoit Company began the manufacture of a new paging machine known as Actual production in May was 4,900 units of Sleek, and actual sales in May were Sieek The company inatalled a standard costing system to account for manulacturing costs. The 3,500 units. The amount shown for direct materials price variance applies to materialis standard cosis for a unit of Sleek and other information tollow: purchased and used during May. There was no beginning inventory of matorials on (Click the icon to view the information) May 1, 2020. 1a. Compule the standard cost per pound of drect materials. Data table Requirements Compute each of the following items for Benoit Comparyy for the month of May. Show your computations by first selecting the formula, then entering the amounts in the formula, and then solving for your answer. 1. (a) Standard cost per pound of direct materials, (b) Standard hours per unit of direct manufacturing labor, (c) Standard manufacturing overhead cost expressed as a percentage of standard direct manufacturing labor cost, (d) Standard cost per unit (paging machine) 2. Standard direct manufacturing labor-hours allowed for actual output produced 3. Actual direct manufacturing labor-hours worked 4. Actual direct manufacturing labor wage rate 5. Standard quantity of direct materials allowed (in pounds) 6. Actual quantity of direct materials purchased and used (in pounds) 7. Actual direct materials price per pound On May 1, 2020, Bonoit Company began the manufacture of a new paging machine known as Sleek. The company installed a standard costing system to account for manufacturing costs. The Actual production in May was 4,900 unts of Sieek, and actual sales in May were slandard costs for a unit of Sleok and other information folow: 3,500 units. The amount shom for direct materials price variance apples to materiss purchnsed and used during May. Thore was no beginning tiventory of matorias on Data table Requirements Compute each of the following items for Bonot Company for the month of May. Show your computations by first selecting the lormula, then entering the armounta in the formula, and then solving for your answe. 1. (a) Standard cost pee pound of direct materias. (b) Standand houns por unit of direct manufacturing labor, (c) Standard manufacturing overhead cost oxpressed as a percensange of sandard direct manclacturing labor cost, (d) standard cost per unit (gagng machine) 2. Standard direct manufacturing laborhours allowed for actual output produced 3. Actual Groct marufacturing labor-hours worked 4. Actual direct manufacturing labor wage rate 5. Standard cuanty of direct materials allowed (in pounds) 6. Actual euantty of direct masenias purchased and used (in pounds) 7. Actual direct materials price per pound On May 1, 2020, Benoit Company began the manufacture of a new paging machine known as Actual production in May was 4,900 units of Sleek, and actual sales in May were Sieek The company inatalled a standard costing system to account for manulacturing costs. The 3,500 units. The amount shown for direct materials price variance applies to materialis standard cosis for a unit of Sleek and other information tollow: purchased and used during May. There was no beginning inventory of matorials on (Click the icon to view the information) May 1, 2020. 1a. Compule the standard cost per pound of drect materials. Data table Requirements Compute each of the following items for Benoit Comparyy for the month of May. Show your computations by first selecting the formula, then entering the amounts in the formula, and then solving for your answer. 1. (a) Standard cost per pound of direct materials, (b) Standard hours per unit of direct manufacturing labor, (c) Standard manufacturing overhead cost expressed as a percentage of standard direct manufacturing labor cost, (d) Standard cost per unit (paging machine) 2. Standard direct manufacturing labor-hours allowed for actual output produced 3. Actual direct manufacturing labor-hours worked 4. Actual direct manufacturing labor wage rate 5. Standard quantity of direct materials allowed (in pounds) 6. Actual quantity of direct materials purchased and used (in pounds) 7. Actual direct materials price per pound