Question 35:<\/p>
<\/p>
Oriole Manufacturing Company uses a standard cost accounting system. In 2022, 29,000 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 $9.00. Normal capacity was 50,200 direct labour hours. During the year, 118,900 kg of raw materials were purchased at $0.94 per kilogram. All materials purchased were used during the year.<\/p>
<\/p>
1.If the materials price variance was $7,134 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.)<\/em><\/strong><\/p> Standard price per kilogram $ _________<\/p> <\/p> 2.If the materials quantity variance was $5,800 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.)<\/em><\/strong><\/p> Standard materials quantity per unit ______ kilograms<\/p> <\/p> <\/p> 3.What were the standard hours allowed for the units produced?<\/p> Standard hours allowed _______.<\/p> <\/p> <\/p> 4.If the labour quantity variance was $6,030 unfavourable, what were the actual direct labour hours worked?<\/p> Actual direct labour hours ________.<\/p> <\/p> <\/p> 5.If the labour price variance was $18,828 favourable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 15.25.)<\/em><\/strong><\/p> Actual rate per hour $ _________<\/p> <\/p> <\/p> 6.If total budgeted manufacturing overhead was $376,500 at normal capacity, what was the predetermined overhead rate? (Round answer to 2 decimal places, e.g. 15.25.)<\/em><\/strong><\/p> Predetermined overhead rate $ ______<\/p> <\/p> <\/p> 7. What was the standard cost per unit of product? (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)<\/em><\/strong><\/p> Standard cost per unit $ __________<\/p> <\/p> <\/p> 8.How much overhead was applied to production during the year?<\/p> Overhead applied $ _________<\/p> <\/p> <\/p> 9.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.)<\/em><\/strong><\/p> Total costs assigned to work in process $ _________<\/p> <\/p> <\/p>",
"transcribed_text": "",
"related_book": {
"title": "Intermediate Accounting",
"isbn": "470964731, 978-0470964736, 978-0470161012",
"edition": "9th Canadian Edition, Volume 2",
"authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg",
"uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516",
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"free_related_book": {
"isbn": "0470412666",
"uri": "\/textbooks\/workshop-statistics-discovery-with-data-3rd-edition-9780470412664",
"name": "Workshop Statistics Discovery With Data",
"edition": "3rd Edition"
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"question_posted": "2024-06-29 01:21:59",
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