Vaughn Company uses a standard cost accounting system. In 2022, 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 50,400 direct labor hours. During the year, 131,500 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $2,630 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, eg. 2.75.) (b) Standard materials price per pound $ eTextbook and Media 95 Standard materials quantity per unit If the materials quantity variance was $19,665 unfavorable, what was the standard materials quantity per unit? Attempts: 4 of 5 used pounds

Vaughn Compary unes a standard cost accountire system in 2002 , the compary produced 27,700 units. Exch tanit took sevisal pounds of difect muterials and 1.6 standard fours of direct fabor at a standard houty rate of $12,00. Normal capacity Was 50,400 direct labor hours. During the yoar, 131,500 pounds of rew materials were purchased at $0.93 pes pound All materials purchaed were used during the year. (a) Your anmer is correct. If the materials price variance was $2,630 favorable, what was the standard materiats price per pound? (Round answer to 2 declimal ploces es. 275 j Standard materials price per pound $ eTextbook and Media Attempts: 4 of 5 used (b) If the materials quantity variance was 519.665 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds