Question
3. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs.
3. [The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | 6 lbs. @ $8 per lb. | 52,700 | lbs. @ $8.20 per lb. | |
| Direct labor | 2 hrs. @ $16 per hr. | 17,100 | hrs. @ $16.60 per hr. | |
| Overhead | 2 hrs. @ $11 per hr. | $ | 196,500 | |
| Units manufactured | 8,700 | |||
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
Direct Materials _______
Direct Labor ________
Overhead _______
Total _______
Total Cost Variance _______
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
