Homework Answers
| Materials price variance = Actual quantity purchased*(Standard price-Actual price) |
| 5256 = 131400*(Standard price-0.95) |
| 5256/131400 = (Standard price-0.95) |
| 0.04 = Standard price-0.95 |
| Standard price-0.99 |
| Standard materials price per pound = $ 0.99 |
Add Answer to:
Problem 23-4A (Part Level Submission) Kansas Company standard co u nting witam , company produced 7.800...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) If the materials price variance was $5,232 favorable,...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,400 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 50,300 direct labor hours. During the year, 130,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (d) X Your answer is incorrect. Try again. If...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, 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 $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) x Your answer is...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price...
Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each...
Kansas Company uses a standard cost accounting system. In 2017, 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 $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $5,252 favorable, what...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndar...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
DACA NEXT Problem 23-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order...
DACA NEXT Problem 23-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (ob No. 12) for 1,400 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials Direct labor $3.90 11.70 3 pounds at $1.30 per pound 1.30 hour at $9.00 per hour 2 hours (variable $4.00 per machine hour; fixed $3.00 per machine hour) Overhead 14.00 Standard cost...
Problem 23 SA (Part Level Submission) Hart Labs, Inc. provides madcow desse testing for both state...
Problem 23 SA (Part Level Submission) Hart Labs, Inc. provides madcow desse testing for both state dederal governmental actual agencies. Because the company's must consta n t and cotofits te ts. She was the standard costs for to cal test are government agencies are strictly regated. Therefore, Hart Labs Direct materials (2 test tubes 51.90 per tube Direct labor (1 hour $30 per hour) Variable overhead (1 hour $5.00 per hour) Fixed overhead 1 hour $12.00 per hour) Total standard...
Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and...
Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 CALCULATOR PRINTER VERSION Standard Costs and Production Data Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual $2.20...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,400 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 50,300 direct labor hours. During the year, 130,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (d) X Your answer is incorrect. Try again. If...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, 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 $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) x Your answer is...
Kansas Company uses a standard cost accounting system. In 2017, 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 $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $5,252 favorable, what...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
DACA NEXT Problem 23-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (ob No. 12) for 1,400 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials Direct labor $3.90 11.70 3 pounds at $1.30 per pound 1.30 hour at $9.00 per hour 2 hours (variable $4.00 per machine hour; fixed $3.00 per machine hour) Overhead 14.00 Standard cost...
Problem 23 SA (Part Level Submission) Hart Labs, Inc. provides madcow desse testing for both state dederal governmental actual agencies. Because the company's must consta n t and cotofits te ts. She was the standard costs for to cal test are government agencies are strictly regated. Therefore, Hart Labs Direct materials (2 test tubes 51.90 per tube Direct labor (1 hour $30 per hour) Variable overhead (1 hour $5.00 per hour) Fixed overhead 1 hour $12.00 per hour) Total standard...
Problem 23-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 CALCULATOR PRINTER VERSION Standard Costs and Production Data Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual $2.20...
Most questions answered within 3 hours.
-
Bob is gambling in the casino. The probability that he will win
nothing is 0.2. The...
asked 48 minutes ago -
A free electron and a free proton are exactly 0.70 cm apart.
A)
Find the magnitude...
asked 54 minutes ago -
Identify and Describe the major sources of U.S law. Provide a
sport-related example of each.
asked 1 hour ago -
NASA's Ames Research Center in Mountain View, California, houses
a 20g centrifuge used to conduct research...
asked 2 hours ago -
I want a python code using recursion ONLY.
I cannot use any loops, dictionaries or modules....
asked 2 hours ago -
Tobin Supplies Company expects sales next year to be $450,000.
Inventory and accounts receivable will increase...
asked 2 hours ago -
Give the relative rates for the following with a neighbor at your
desk
PH3(g) to P4(g)...
asked 3 hours ago -
Suppose Acap Corporation will pay a dividend of $2.87 per share
at the end of this...
asked 3 hours ago -
Scientists make earthquake forecasts using data from:
A.
geodesy
B.
seismology
C.
geology
D.
paleoseismology
E....
asked 3 hours ago -
Employee training can
be defined as planned organizational efforts to help employees
learn job-related knowledge, skills,...
asked 4 hours ago -
Which for loop is implemented correctly in Java?
Group of answer choices
for (i = 0...
asked 5 hours ago -
Required information
[The following information applies to the questions
displayed below.]
In 2019, Alliant Corporation acquired...
asked 6 hours ago