Question: if you could help show how the answer was gotten please Porter Manufacturing Company uses a standard cost accounting system, During the current yoar, the
if you could help show how the answer was gotten please
Porter Manufacturing Company uses a standard cost accounting system, During the current yoar, the company produced 28,000 units. Each unit fook several pounds of direct materials and 2 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct laber hours. During the year, 53608 pounds of raw matodals were puechaned at $1.4 per pound. All materiale purchased were used during the yoar. If the materials price variance was 55234 undavorable, what wat the standard materials price per pound? Round your answer to 2 decimals
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
