Question 8 3.35/5 Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,000 direct labor hours. During the year, 131,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (a) Correct answer iconYour answer is correct. If the materials price variance was $5,268 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound $ Attempts: 1 of 4 used (b) Correct answer iconYour answer is correct. If the materials quantity variance was $17,523 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds Attempts: 1 of 4 used (c) Correct answer iconYour answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed hours Attempts: 1 of 4 used (d) Correct answer iconYour answer is correct. If the labor quantity variance was $6,600 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours Attempts: 1 of 4 used (e) Correct answer iconYour answer is correct. If the labor price variance was $4,620 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.) Actual rate per hour $ Attempts: 1 of 4 used (f) Correct answer iconYour answer is correct. If total budgeted manufacturing overhead was $325,000 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 $ Attempts: 1 of 4 used (g) Incorrect answer iconYour answer is incorrect. What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 2.75.) Standard cost per unit $ eTextbook and Media Attempts: 2 of 4 used Save for LaterCheck Answer