Kansas Company Uses A Standard Cost Accounting System In 2020 The Company Produced 28 000 Units Each Unit Took Severa 1 (52.91 KiB) Viewed 93 times
Kansas Company uses a standard cost accounting system. In 2020, 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 50,000 direct labor hours. During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.
Your answer is correct. If the materials price variance was $3,510 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, eg. 2.75.) Standard materials price per pound $ .95 eTextbook and Media Attempts: 1 of 2 used Using multiple attempts will impact your score. 20% score reduction after attempt 1 (b) If the materials quantity variance was $4,750 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds
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