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HW-Chapter 11 Question 3 of 4 2/3 Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,700 units. Each unit took
HW-Chapter 11 Question 3 of 4 2/3 Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,700 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,100 direct labor hours. During the year, 130,900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $1,309 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, eg. 2.75.) Standard materials price per pound $ .92 e Textbook and Media Attempts: 1 of 5 used { HW-Chapter 11 Question 3 of 4 2/3 (b) Your answer is correct. If the materials quantity variance was $18,492 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit 4 pounds eTextbook and Media Attempts: 2 of 5 used (c) Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed 44320 hours Toutbool and Modi + HW-Chapter 11 Question 3 of 4 2/3 (d) Your answer is correct. If the labor quantity variance was $6,000 unfavorable, what were the actual direct labor hours worked? Actual hours worked 44820 hours eTextbook and Media Attempts: 3 of 5 used (e) Your answer is correct. If the labor price variance was $4.482 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, eg. 2.75.) Actual rate per hour $ $11.90 HW-Chapter 11 Question 3 of 4 2/3 Your answer is correct. If total budgeted manufacturing overhead was $355,710 at normal capacity, what was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, eg. 2.75.) Predetermined overhead rate $ 7.10 e Textbook and Media Attempts: 1 of 5 used (g) What was the standard cost per unit of product? (Round answer to 2 decimal places, eg. 2.75.) Standard cost per unit $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit
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