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Waterway 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
Waterway 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 $12.00. Normal capacity was 49,900 direct labor hours. During the year, 131,400 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year. If the materials quantity variance was $18,624 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds eTextbook and Media Attempts: 0 of 5 used
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