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Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,100 units. Each unit took several pounds
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,100 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 50,200 direct labor hours. During the year, 130,000 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $2,600 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pounds 0.97 Click if you would like to Show Work for this question: Open Show Work HOW ANSWER SHOW SOLUTION S LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used If the materials quantity variance was $3,444 unfavorable, what was the standard materials quantity per unit? (Round answer to 1 decimal place, e.g. 1.5.) Standard materials quantity per unit Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT
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