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The following cost information is for Leslie Company. Actual results: Total cost of purchasing material.................................................... $13,500 Number of labor hours worked...................................................... 450 hours Number of

The following cost information is for Leslie Company. Actual results:

Total cost of purchasing material.................................................... $13,500

Number of labor hours worked...................................................... 450 hours

Number of material pounds used in production.................. 1,700 pounds

Total labor cost.................................................................................... $12,500

Number of units produced............................................................... 200 units

Number of material pounds purchased................................. 1,500 pounds

Leslie Company has established the following standards:

Standard labor rate............................................................... $30.00 per hour

Number of labor hours to produce one unit..................................... 2 hours

During the year, Leslie Companys Materials Price Variance was FAVORABLE for a total of $1,500 and Materials Quantity Variance was FAVORABLE for a total of $5,000. Given these data, what is the standard number of pounds needed to produce one unit?

8 pounds

10 pounds

11 pounds

13 pounds

7 pounds

12 pounds

9 pounds

14 pounds

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