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WleyPLUS secure l httpsredugen.wleyplus.com/edugen/nvrnain.unl 70 L ten Annig CALCULATOR NEAT Problem 11-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,500 units. Each unit took several pounds of direct materiels and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,300 direct labor hours. During the year, 131,900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year Your answer is correct. If the materials price variance was $2,638 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound Attempts: 2 of 10 used ? (b) If the materials quantity variance was $10,137 unfavorable, what was the standard materials quantity per unit? (Round answer to 1 decimal place, e.g. 1.5.) Standard materials quantity per unit Attempts: 0 of 10 used SAVE FOR LATER SUBMET ANSWER The parts of tnmust be co

Explanation / Answer

(b).

Standard materials quantity per unit = 4.40 pounds (Approx.)

Explanation;

Formula of material quantity variance is as follow;

Material quantity variance = Standard price * (Standard quantity – Actual quantity)

Material quantity variance is given = $10137 Unfavourable

Actual quantity used is given = 131900

Standard materials price per pound = $0.93 (It is calculated in part – a)

Now’ let’s put values in above given formula;

($10139) = $0.93 (Standard quantity – 131900)

($10139) / $0.93 = Standard quantity – $131900

($10902.15) = Standard quantity – $131900

Standard quantity = – $131900 + $10902.15

Standard quantity = 120997.85

Actual number of units produced is given = 27500 units

Thus, Standard materials quantity per unit (120997.85 / 27500) = 4.40 pounds (Approx.)

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