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, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound $
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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...
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...
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 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...
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...
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 standard co u nting witam , company produced 7.800 units Each unit took several pounds of direct $12.00. Normal capacity was 50,500 direct laborum. During the year, 131400 pounds of raw materials were purchased at $0.95 per sound later and 16 hours of worst standard hourly rate of purchased were during the year If the material price variance was $5.256 favorable, whose and materials price per pound (Round answer to decimal places ....
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.)...
Problem 11-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was receiv...
Problem 11-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows. 3 pounds at $1.30 per pound $3.90 Direct materials Direct labor 1.30 hour at $10.00 per hour 13.00 2 hours (variable $4.50 per machine hour; fixed $2.60 per machine hour) 14.20 Overhead $31.10 Standard cost per...
Nosemer Company produces engine part for large motors. The company uses a standard cost system for...
Nosemer Company produces engine part for large motors. The company uses a standard cost system for production costing and control. The standard cost sheet for one of its higher volume products (a valve), is given below. Direct Materials 5 pounds at $4.00 $20.00 Direct Labor 1.4 hours at $10.50 $14.70 Variable overhead 1.4 hours at $6.00 $8.40 Fixed overhead 1.4 hours at $3.00 $4.20 Standard unit cost $47.30 During the year, Nosemer experienced the following activity relative to the production...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K In establishing the predetermined overhoad rates for 2017, the fallawing astimates were made for the year Manufacturing owerhead Direct labor costs Direct abor hours Machine hours $777,000 ,5,000 $900,000 $1,110,000 $1,250,000 $450,000...
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 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...
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...
Problem 23-4A (Part Level Submission) Kansas Company standard co u nting witam , company produced 7.800 units Each unit took several pounds of direct $12.00. Normal capacity was 50,500 direct laborum. During the year, 131400 pounds of raw materials were purchased at $0.95 per sound later and 16 hours of worst standard hourly rate of purchased were during the year If the material price variance was $5.256 favorable, whose and materials price per pound (Round answer to decimal places ....
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.)...
Problem 11-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows. 3 pounds at $1.30 per pound $3.90 Direct materials Direct labor 1.30 hour at $10.00 per hour 13.00 2 hours (variable $4.50 per machine hour; fixed $2.60 per machine hour) 14.20 Overhead $31.10 Standard cost per...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K In establishing the predetermined overhoad rates for 2017, the fallawing astimates were made for the year Manufacturing owerhead Direct labor costs Direct abor hours Machine hours $777,000 ,5,000 $900,000 $1,110,000 $1,250,000 $450,000...
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