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***This is one question Sheridan Company uses a standard cost accounting system. In 2022, the company produced 28,000 units. Each unit took several pounds of

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Sheridan Company uses a standard cost accounting system. In 2022, the company produced 28,000 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 50,300 direct labor hours. During the year, 130,600 pounds of raw materials were purchased at $0,90 per pound, Allmaterials purchased were used during the year. If the materials price variance was $5,224 favorable, what was the standard materiais price per pound? (Round answer to 2 . decimal places, e.g. 2.75.) Standard materials price per pound eTextbook and Media If the materiais quantity variance was $17,484 unf aworable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds What were the standard hours allowed for the units produced? Standard hours allowed hours eTextbook and Media If the labor quantity variance was $7,700 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours If the labor price variance was $4,550 favorable, what was the actual rate per hour? (Round answer to 2 decimal ploces. e.s. 2.75.) Actual rate per hour 5 If total budgeted manufacturing overhead was $326,950 at normal capacity, what was the predetermined overhead rate based on direct iabor hours? (Round answer to 2 decimal places, e.5. 2.75.) Predetermined overhead rate $ eTextbook and Media What was the standard cost ner unt of product? (Round answer to 2 decimal places, e.s. 2.75.) Standard cost per unit $ How much overhead was applied to production during the year? Overhead applied 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

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