Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6 Part 1 of 3 12.5 points Required information [The following information applies to the questions displayed below] A manufactured product has the following

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

6 Part 1 of 3 12.5 points Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds $8 per pound 3 DLH @$16 per DLH 3 DLH $13 per DLH Actual Results 52,100 pounds $8.20 per pound 25,600 hours @ $16.40 per hour $ 342,200 8,600 units Het References (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total 6 Part 1 of 3 12.5 points Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @$8 per pound 3 DLH @ $16 per DLH 3 DLH $13 per DLH Actual Results 52,100 pounds @ $8.20 per poundi 25,600 hours @ $16.40 per hour $ 342,200 8,600 units eBook Hint References (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total budgeted cost for June production. Total budgeted (standard) cost 6 0 Part 1 of 3 12.5 points eBook Hint 0 References Required information: (The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $16 per DLH 3 DLH $13 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Actual Results 52,100 pounds @ $8.20 per pound 25,600 hours @ $16.40 per hour $ 342,200 Complete this question by entering your answers in the tabs below. 8,600 units Required 1 Required 2 Required 3 Required 4 Compute total actual cost for June production. Actual cost 6 Part 1 of 3 12.5 points Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Standard Quantity and Cost 6 pounds $8 per pound Direct labor 3 DLH $16 per DLH Overhead 3 DLH $13 per DLH Units manufactured Actual Results 52,100 pounds @ $8.20 per pound 25,600 hours $16.40 per hour $ 342,200 8,600 units eBook 10 Hint References (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Total cost variance < Required 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

13th edition

1285401603, 1133188796, 9781285401607, 978-1133188797

More Books

Students also viewed these Accounting questions