Problem 24-04A (Part Level Submission)

Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,900 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 49,700 direct labor hours. During the year, 130,300 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year.

(1) Using one or more answers above, what were the total costs assigned to work in process? (Round standard cost per unit to 2 decimal places, e.g. 2.75 and final answer to 0 decimal places, e.g. 125.) Total costs assigned Click if you would like to Show Work for this question: Open Show Work (c) Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed 44640 hours Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (d) Your answer is correct. If the labor quantity variance was $6,500 unfavorable, what were the actual direct labor hours worked? Actual hours worked 45140 hours Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (e) Your answer is correct. If the labor price variance was $9,028 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.) Actual rate per hour 12.80 Your answer is correct. If total budgeted manufacturing overhead was $328,020 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 6.60 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO (9) Your answer is correct. What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 2.75.) Standard cost per unit 35.16 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO (h) Your answer is correct. How much overhead was applied to production during the year? Overhead applied 294624