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Kansas Company uses a standard cost accounting system. In 2017, 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 $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $5,252 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places... 2.75.) Standard materials price per pound 0.95 Click if you would like to Show Work for this question: Open Show Work
Attempts: 3 of 3 used (b) If the materials quantity variance was $13,728 unfavorable, what was the standard materials quantity per unit? (Round answer to 1 decimal place, .. 1.5 Standard materials quantity per unit Click if you would like to Show Work for this question: Open Show Work LINK IN THE LINK TO TEXT
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