A manufactured product has the following information for June. Compute the (1) Standard cost per unit (2)

Question:

A manufactured product has the following information for June.

Compute the
(1) Standard cost per unit
(2) Total cost variance for June.
Indicate whether the cost variance is favorable or unfavorable.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 03:19 AM

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A manufactured product has the following information for June. Compute the (1) Standard cost per unit (2)

Question:

Standard Actual Direct materials. .(6 lbs. Direct labor(2 hrs. Overhead Units manufactured.···· $8 per lb) 48,500 lbs. $16 per hr 5,700 hrs. $8.10 per lb. $16.50 per hr (2 hrs. @ $12 per h) $198,000 8,000

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1 The standard cost for one unit is computed as Direct materials 6 lbs 8 ...View the full answer

Fundamental Accounting Principles

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