Kansas Company uses a standard cost accounting system. In 2014,the company produced 28,100 units. Each unit took several pounds ofdirect materials and 1.6 standard hours of direct labor at astandard hourly rate of $12.00. Normal capacity was 50,390 directlabor hours. During the year, 131,800 pounds of raw materials werepurchased at $0.91 per pound. All materials purchased were usedduring the year.
(a) If the materials price variance was $2,636 favorable, whatwas the standard materials price per pound? (Round answer to 2decimal places, e.g. 2.75.) Standard materials price per pound:
(b) If the materials quantity variance was $15,429 unfavorable,what was the standard materials quantity per unit? (Round answer to1 decimal places, e.g. 1.5.) Standard materials quantity per unit:(c) What were the standard hours allowed for the units produced?Standard hours allowed are:
(d) If the labor quantity variance was $8,280 unfavorable, whatwere the actual direct labor hours worked? Actual hours worked:
(e) If the labor price variance was $11,869 favorable, what wasthe actual rate per hour? (Round answer to 2 decimal places, e.g.2.75.) Actual rate per hour:
(f) If total budgeted manufacturing overhead was $367,847 atnormal capacity, what was the predetermined overhead rate? (Roundanswer to 2 decimal places, e.g. 2.75.) Predetermined overheadrate:
(g) What was the standard cost per unit of product? (Roundanswer to 2 decimal places, e.g. 2.75.) Standard cost per unit:
(h) How much overhead was applied to production during the year?Overhead applied:
(i) Using one or more answers above, what were the total costsassigned to work in process? Total costs assigned:
Kansas Company uses a standard cost accounting system. In 2014,the company produced 28,100 units. Each unit took several pounds ofdirect materials and 1.6 standard hours of direct labor at astandard hourly rate of $12.00. Normal capacity was 50,390 directlabor hours. During the year, 131,800 pounds of raw materials werepurchased at $0.91 per pound. All materials purchased were usedduring the year.
(a) If the materials price variance was $2,636 favorable, whatwas the standard materials price per pound? (Round answer to 2decimal places, e.g. 2.75.) Standard materials price per pound:
(b) If the materials quantity variance was $15,429 unfavorable,what was the standard materials quantity per unit? (Round answer to1 decimal places, e.g. 1.5.) Standard materials quantity per unit:(c) What were the standard hours allowed for the units produced?Standard hours allowed are:
(d) If the labor quantity variance was $8,280 unfavorable, whatwere the actual direct labor hours worked? Actual hours worked:
(e) If the labor price variance was $11,869 favorable, what wasthe actual rate per hour? (Round answer to 2 decimal places, e.g.2.75.) Actual rate per hour:
(f) If total budgeted manufacturing overhead was $367,847 atnormal capacity, what was the predetermined overhead rate? (Roundanswer to 2 decimal places, e.g. 2.75.) Predetermined overheadrate:
(g) What was the standard cost per unit of product? (Roundanswer to 2 decimal places, e.g. 2.75.) Standard cost per unit:
(h) How much overhead was applied to production during the year?Overhead applied:
(i) Using one or more answers above, what were the total costsassigned to work in process? Total costs assigned:
