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Kansas Company uses a standard cost accounting system. In 2022, the company produced 28,000 units....

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Accounting

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Kansas Company uses a standard cost accounting system. In 2022, the company produced 28,000 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at as standard hourly rate of $12,00. Normal capacity was 50,000 direct labor hours. During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $3.510 favorable, what was the standard materials price per pound? (Round answer to 2 dedimal ploces, es. 2.75) Standard materialsprice per pound 5 If the materials quantity variance was $4,750 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds eTextbook and Media (c) Attempts: What were the standard hours allowed for the units produced? If the labor quantity variance was $7,200 unfsvorable, what were the actual direct labor hours worked? Actual hours worked hours

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