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

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Accounting

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Kansas Compary 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 a 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 decimol ploces, es. 2.75) Standard materials price per pound What were the standard hours allowed for the units produced? Standard hours allowed hours (d) If the labor quantity variance was $7,200 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours

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