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Problem 12.46A a-i Crede Manufacturing Company uses a standard cost accounting system. In 2020, 28,000 units were produced. Each unit took several kilograms of direct
Problem 12.46A a-i Crede Manufacturing Company uses a standard cost accounting system. In 2020, 28,000 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 $9. Normal capacity was 50,900 direct labour hours. During the year, 112,000 kg of raw materials were purchased at $0.97 per kilogram. All materials purchased were used during the year. If the materials price variance was $3,360 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.) Standard price per kilogram If the materials quantity variance was $5,600 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.) Standard materials quantity per unit kilograms What were the standard hours allowed for the units produced? Standard hours allowed If the labour quantity variance was $6,120 unfavourable, what were the actual direct labour hours worked? Actual direct labour hours If the labour price variance was $4,548 favourable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 15.25.) Actual rate per hour $ If total budgeted manufacturing overhead was $427,560 at normal capacity, what was the predetermined overhead rate? (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 15.25.) Standard cost per unit How much overhead was applied to production during the year? Overhead applied $ Using selected answers above, what were the total costs assigned to work in process? (Round answer to the nearest whole dollar, e.g. 5,275.) Total costs assigned to work in process $
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