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Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $9. Normal capacity was 50,900 direct labour hours. During the year, 117,000 kg of raw materials were purchased at $0.95 per kilogram. All materials purchased were used during the year.
Question 1: If the materials price variance was $5,850 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.)
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