Problem 23-4A (Part Level Submission)

Kansas Company uses a standard cost accounting system. In 2017, the company produced28,000units. 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 was50,000direct labor hours. During the year,117,000pounds of raw materials were purchased at $0.92per pound. All materials purchased were used during the year.

(a)

Your answer is correct.

If the materials price variance was $3,510favorable, what was the standard materials price per pound?(Round answer to 2 decimal places, e.g. 2.75.)

Standard materials price per pound$

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(b)

Your answer is correct.

If the materials quantity variance was $4,750 unfavorable, what was the standard materials quantity per unit?(Round answer to 1 decimal place, e.g. 1.5.)

Standard materials quantity per unit

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(c)

What were the standard hours allowed for the units produced?

Standard hours allowed

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