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A manufactured product has the following information for June. A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct
A manufactured product has the following information for June.
A manufactured product has the following information for June.
Standard Quantity and Cost | Actual Results | ||
---|---|---|---|
Direct materials | 6 pounds @ $8 per pound | 52,700 | pounds @ $8.20 per pound |
Direct labor | 2 DLH @ $15 per DLH | 17,200 | hours @ $15.60 per hour |
Overhead | 2 DLH @ $11 per DLH | $ 197,900 | |
Units manufactured | 8,700 | units |
Exercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2
(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.
Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total S 0 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total actual cost for June production. Actual cost 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
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