Question: Please assist solving the below problem Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,000

Please assist solving the below problem

Please assist solving the below problem Problem 23-4A (Part Level Submission) Kansas

Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, 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 $11.00. Normal capacity was 49,500 direct labor hours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were used during the year. V (a) If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound A: Click if you would like to Show Work for this question: Qpen Show Work LINK TD TEXT LINK TO TEXT Attempts: 0 of 3 used SAVE FDR LAYER b (b) The parts of this question must be completed in order. This part will be available when you complete the part above. ) (C) The parts of this question must be completed in order. This part will be available when you complete the part above. } (d) The parts of this question must be completed in order. This part will be available when you complete the part above. P (e)

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