A manufactured product has the following information for August. Standard Quantity and Cost Actual Results Direct materials 2 pounds per unit @ $11.50 per pound Direct labor 0.5 hour per unit @ $88 per DLH Overhead $120 per DLH Units manufactured 15,600 units Total manufacturing costs $ 1,976,400 (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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Required 1

Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.)

Inputs	Standard quantity or hours			Standard price or rate	Standard cost per unit
Direct materials		pounds
Direct labor		DLH
Overhead		DLH

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Required 2

Compute total budgeted cost for production in August.

Total budgeted cost

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Required 3

Compute the total cost variance for August. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)

Total cost variance