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A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2
A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $6.00 per pound 0.5 hour per unit @ $44 per DLH $54 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 13,400 units $ 808,400 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the standard cost card showing standard cost per unit. Note: Round your final answers to 2 decimal places. Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH x Standard price or rate Standard cost per unit < Required 1 Required 2 > Required 1 Required 2 Required 3 Compute total budgeted cost for production in August. Total budgeted cost < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute the total cost variance for August. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance < Required 2 Required 3 >
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