= Homework: Homework Assignment No. 3 Question 1, P7-41 (simila... Part 3 of 18 HW Score: 5.21%, 0.52 of 10 points Points: 0,52 of 5 Save On May 1, 2020, Benoit Company began the manufacture of a new paging machine known as Sleek. The company installed a standard costing system to account for manufacturing costs. The standard costs for a unit of Sleek and other information follow: Click the icon to view the information) Actual production in May was 4,400 units of Sleek, and actual sales in May were 3,300 units. The amount shown for direct materials price variance applies materials purchased and used during May. There was no beginning inventory of materials on May 1, 2020, Read the requirements. 1a. Compute the standard cost per pound of direct materials. Standard lbs per unit Standard cost of DM per unit S 9 Standard DM cost per lb $ 3 1b. Compute the standard hours per unit of direct manufacturing labor. (Round your answer to the nearest cont) Standard direct mig, labor hours Standard cost of DL per unit per unit E Homework: Homework Assignment No. 3 Question 1, P7-41 (simila... Part 3 of 18 HW Score: 5.21%, 0.52 of 10 points Points: 0.52 of 5 Save Data Table X and actual sales in May were 3.300 units. The amount shown for purchased and used during May. There was no beginning inventory On May 1, 2020, Benoit Company began the manufacture of a new installed a standard costing system to account for manufacturing co information follow E (Click the icon to view the information) The standard costs for a unit of Sleek follow: $ 9.00 1a. Compute the standard cost per pound of direct materials Direct materials (3 lb. at $? per lb.) Direct manufacturing labor (7 hour at $20 per hour) Manufacturing overhead (7% of direct manufacturing labor costs) 10.00 3.00 Standard post of DM per unit - Standard bs per unit S 9 2 3 Standard cost per unit 1b. Compute the standard hours per unit of direct manufacturing lat The following data were obtained from Benoit's records for the month of May: Debit Credit Standard cost of DL per unit $ 181,500 $ 1.100 Revenues Direct materials price variance Direct materials efficiency variance Direct manufacturing labor price variance Direct manufacturing labor efficiency varlance 2,900 1,700 2,400 ( Print Print Done Help Me Solve This e Text Pages Get More Help Clear All Check Answer = Homework: Homework Assignment No. 3 Question 1, P7-41 (simila... Part 3 of 18 HW Score: 5.21%, 0.52 of 10 points Points: 0.52 of 5 Save and actual sales in May were 3,300 units. The amount shown for s purchased and used during May. There was no beginning inventory On May 1, 2020, Benoit Company began the manufacture of a new page installed a standard costing system to account for manufacturing costs. Information follow: (Click the icon to view the information) X Requirements 1a. Compute the standard cost per pound of direct materials. Standard cost of DM per unit Standard Ibs per unit S 9 1b. Compute the standard hours per unit of direct manufacturing labor. Compute each of the following items for Benoit Company for the month of May. Show your computations by first selecting the formula, then entering the amounts in the formula, and then solving for your answer 1. (a) Standard cost per pound of direct materials, (b) Standard hours per unit of direct manufacturing labor, (c) Standard manufacturing overhead cost expressed as a percentage of standard direct manufacturing labor cost, (d) Standard cost per unit (paging machine) 2. Standard direct manufacturing labor-hours allowed for actual output produced Actual direct manufacturing labor-hours worked 4. Actual direct manufacturing labor wage rate Standard quantity of direct materials allowed (in pounds) 6. Actual quantity of direct materials purchased and used (In pounds) 7. Aclual direct materials price per pound 3 Standard cost of DL per unit + 5. Print Done