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Sheridan Manufacturing Company uses a standard cost accounting systent in 2022, 25,000 units were areduced Exh unit took several kilegrams of direct muterials and 1.6
Sheridan Manufacturing Company uses a standard cost accounting systent in 2022, 25,000 units were areduced Exh unit took several kilegrams of direct muterials and 1.6 standard hours of drect labour at a standard houtly rate of 59.00 ; Normal capseity was 45 , Do0 direct labour hourk. Daring the year, 110000kg of raw materiak were porchased at 5097 per kilogam All materials purchased were uned durin the year. If the materiais price variance was 53,300 tavourable, what was the standard materials price per kilogram? (Round anover to 2 dedimolplaces, 525 . Standard price per kibyam 5 If the materials quantity variance was $5.000 untavourable, whit was the standard materials quantity per unit? (hound aniwer bo 2 decimal placei, es. 5.17.) What were the standard hours asowed for the units produced? If the labour puactify yariacce was $5,400 undavourable, what were the actwal direct labour hours worked? Actual direct babour hours If the labour price variance was \$4,060 tavouratie, what was the attual rate per hour? (Thund answer to 2 decimal ploces, es 1525 . Actudil rate per hour If total tudected manufecturive evtriead was 1324000 at normal apacity, wut was the predeterieined cvethead rater fhound latewer to 2 dacimel plocen, e. 15.25. What was the standard cost per unit of product? (Round intermediate calculgtions and final anawer to 2 deelmal places, es 1.25 ) Standard cost per unit How much overhe ad was applied to production during the year? Overfesd applied Using selected answers above, what were the total costs assigned to work in process? Whound anwer fo the nearst whole dowlar, es. 5,275u
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