Question: CALCULATOI PRINTER VERSION 4 BACK NEXT Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,700

 CALCULATOI PRINTER VERSION 4 BACK NEXT Problem 23-4A (Part Level Submission)
Kansas Company uses a standard cost accounting system. In 2017, the company
produced 27,700 units. Each unit took several pounds of direct materials and

CALCULATOI PRINTER VERSION 4 BACK NEXT Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,700 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 50,100 direct labor hours. During the year, 130,900 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 $1,309 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, a.g.2.75.) Standard materials price per pound Click if you would like to Show Work for this questioni Open Show Work 92 SHOW SOLUTION SHOW ANSWER (b) [] Your answer is correct. If the materials quantity variance was $15,944 unfavorable, what was the standard materials quantity per u Standard materials quantity per unit Click if you would like to Show Work for this question: Open Show Work 4.1 SHOW ANSWER SHOW SOLUTION LINK TO TEXT LINK TO TEXT Your answer is correct. What were the standard hours allowed for the units produced? 44320 Standard hours allowed If the labor quantity variance was $6,000 unfavorable, what were the actual direct labor hours worked? Actual hours worked Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTLINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!