Oklahoma manufacturing company uses a standard cost

Reference no: EM13576556

Oklahoma Manufacturing Company uses a standard cost accounting system. In 2012, the company produced 28,300 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 49,610 direct labor hours. During the year, 131,600 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 $2,632 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.)

Standard materials price per pound

Reference no: EM13576556

Questions Cloud

Checking account balance at bank 45140 money market balance : 1.checking account balance 936120 certificate of deposit 1427800 cash advance to subsidiary of 987220 utility deposit

Evaluate the effectiveness of healthcare financial : evaluate the effectiveness of healthcare financial management association hfma response to the proposed change in

Race one motors is an indonesian car manufacturer at its : race one motors is an indonesian car manufacturer. at its largest manufacturing facility in jakarta the company

Nationwide company manufactures three products from a : nationwide company manufactures three products from a common input in a joint processing system. joing processing costs

Oklahoma manufacturing company uses a standard cost : oklahoma manufacturing company uses a standard cost accounting system. in 2012 the company produced 28300 units. each

Your description of each of the three operational functions : examples of hotel functions include setting daily room rates attracting events meetings conferences etc. managing hotel

Hospital and other health care organizations provide : hospital and other health care organizations provide services knowing that they will collected from third-party payers

Waiting times to receive food after placing an order at the : waiting times to receive food after placing an order at the local subway sandwich shop follow an exponential

The cardinal co produces t-shirts for promotion the costs : the cardinal co. produces t-shirts for promotion. the costs of producing and selling a single t-shirt at the companys

User Account

All Pages