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Kansas Company uses a standard cost accounting system

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Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,800 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 50,500 direct labor hours. During the year, 131,400 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year.

 

a-If the materials price variance was $5,256 favorable, what was the standard materials price per pound? 

 

b-If the materials quantity variance was $19,998 unfavorable, what was the standard materials quantity per unit?

 

c-What were the standard hours allowed for the units produced?

 

d-If the labor quantity variance was $8,400 unfavorable, what were the actual direct labor hours worked?

 

e-If the labor price variance was $18,072 favorable, what was the actual rate per hour?

 

f-If total budgeted manufacturing overhead was $343,400 at normal capacity, what was the predetermined overhead rate based on direct labor hours?

 

g-What was the standard cost per unit of product?

 

h-How much overhead was applied to production during the year?

 

i-Using one or more answers above, what were the total costs assigned to work in process?