Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,500 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 50,400 direct labor hours. During the year, 131,100 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.If the materials price variance was $1,311 favorable, what was the standard materials price perpound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound If the materials quantity variance was $14,982 unfavorable, what was the standard materials quantityper unit? (Round answer to 1 decimal places, e. g. 1.5.) Standard materials quantity per unit _ What were the standard hours allowed for the units produced? Standard hours allowed are _ If the labor quantity variance was $7,800 unfavorable, what were the actual direct labor hoursworked? If the labor price variance was $15,616 favorable, what was the actual rate per hour? (Round answerto 2 decimal places, e. g. 2. 75.) If total budgeted manufacturing overhead was $329,868 at normal capacity, what was thepredetermined overhead rate? (Round answer to 2 decimal places, e.g. 2.75. ) Predetermined overhead rate What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 275.) How much overhead was applied to production during the year? Using one or more answers above, what were the total costs assigned to work in process?
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."