Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Jul 2017 My Price 3.00

Oklahoma Manufacturing Company

Oklahoma Manufacturing Company uses a standard cost accounting system. In 2012, the company produced 28,100 units. Each unit took several pounds of direct materials and 1½ standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,350 direct labor hours. During the year, 130,000 pounds of raw materials were purchased at $0.93 per pound. All materials purchased were used during the year. If the materials price variance was $2,600 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.)

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 09:07 PM My Price 3.00

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