Question

Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,700 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 50,400 direct labor hours. During the year, 131,500 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year.

If the materials quantity variance was $19,665 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds

What were the standard hours allowed for the units produced? Standard hours allowed hours

If the labor quantity variance was $7,200 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours

If the labor price variance was $4,492 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.) Actual rate per hour $

If total budgeted manufacturing overhead was $327,600 at normal capacity, what was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, e.g. 2.75.) Predetermined overhead rate $

What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 2.75.) Standard cost per unit $

How much overhead was applied to production during the year? Overhead applied $

Using one or more answers above, what were the total costs assigned to work in process? (Round standard cost per unit to 2 decimal places, e.g. 2.75 and final answer to 0 decimal places, e.g. 125.) Total costs assigned $

Answer 1

Explanation: