Accounting Homework Help

Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,500 units. Each

unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,400 direct labor hours. During the year, 131,100 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.If the materials price variance was $1,311 favorable, what was the standard materials price perpound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound If the materials quantity variance was $14,982 unfavorable, what was the standard materials quantityper unit? (Round answer to 1 decimal places, e. g. 1.5.) Standard materials quantity per unit _ What were the standard hours allowed for the units produced? Standard hours allowed are _ If the labor quantity variance was $7,800 unfavorable, what were the actual direct labor hoursworked? If the labor price variance was $15,616 favorable, what was the actual rate per hour? (Round answerto 2 decimal places, e. g. 2. 75.) If total budgeted manufacturing overhead was $329,868 at normal capacity, what was thepredetermined overhead rate? (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. 275.) How much overhead was applied to production during the year? Using one or more answers above, what were the total costs assigned to work in process?