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A manufactured product has the following information for August. Standard Quantity and Cost Actual Results Direct materials 2 pounds per unit @ $7.00 per pound
A manufactured product has the following information for August. Standard Quantity and Cost Actual Results Direct materials 2 pounds per unit @ $7.00 per pound Direct labor 0.5 hour per unit @ $52 per DLH Overhead $66 per DLH Units manufactured 13,800 units Total manufacturing costs $ 1,005,400 (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
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