Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system, In 2017, the company produced 27,800 units. Each unilt took several pounds

image text in transcribed
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system, In 2017, the company produced 27,800 units. Each unilt took several pounds of direct materials and 1.6 standard hours of direct labor at a standard ourly rate of $12.00. Normal capecity was 50,500 direct labor hours. During the year, 131,400 pounds of raw materials were purchased at $0.95 per pound. All materia's purchased were used during the year Your answer is correct. f the materials price variance was ss, 2s6 navorable, what was the standard materials pree per pound? (Round answer to 2 decimal places, e.g. 2.7s) Standard materials price per pound Click if you would like to Show Work for this question: Open Show Work 0, Attemptst 1 of 3 used Your answer is incorrect. Try again If the materiais quantity varliance was $3,485 unfavorable, what was the standard materials quantity per unt? (Round answer to 1 decimal place, e.g. 1.5.) Standard materials quantity per unit Click if you would lilke to Show Work for this question: Open Show Werk Attempts: 1 of used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Working Papers Volume 1 To Accompany Weygandt Financial And Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

1st Edition

1118233468, 978-1118233467

More Books

Students also viewed these Accounting questions

Question

Question What is a Roth 401(k) feature?

Answered: 1 week ago