Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Would like some help with the second part of this question Please Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 units
Would like some help with the second part of this question Please
Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $15. Normal capacity was 46,900 direct labour hours. During the year, 117,000 kg of raw materials were purchased at $0.92 per kilogram. All materials purchased were used during the year. * Question 5 Your answer has been saved and sent for grading. See Gradebook for score details. If the materials price variance was $9,360 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.) Standard price per kilogram $ 1.00 Attempts: 1 of 1 used * Question 5 If the materials quantity variance was $5,200 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.) Standard materials quantity per unit kilograms Attemnts. of 1 usedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started