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please help with part h. 45200x7 was incorrect Waterway Company uses a standard cost accounting system. In 2022, the company produced 28,000 units. Each unit
please help with part h. 45200x7 was incorrect
Waterway Company uses a standard cost accounting system. In 2022, the company produced 28,000 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 49,900 direct labor hours. During the year, 131,400 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year. (a) If the materials price variance was $3,942 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound $ (b) Your answer is correct. If the materials quantity variance was $18,624 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds Attempts: 1 of 5 used (c) What were the standard hours allowed for the units produced? Standard hours allowed hours Your answer is correct. If the labor quantity variance was $4,800 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours Attempts: 1 of 5 used (e) If the labor price variance was $18,080 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.) Actual rate per hour $ Your answer is correct. If total budgeted manufacturing overhead was $349,300 at normal capacity, what was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, e.g. 2.75.) Predetermined overhead rate $ Attempts: 1 of 5 used (g) What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 2.75.) Standard cost per unit $ (h) Your answer is incorrect. How much overhead was applied to production during the year? Overhead applied $ Step by Step Solution
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