Question
A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $7 per lb.) 46,700 lbs. @ $7.10 per lb.
A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | (6 lbs. @ $7 per lb.) | 46,700 | lbs. @ $7.10 per lb. | |
| Direct labor | (2 hrs. @ $16 per hr.) | 15,100 | hrs. @ $16.60 per hr. | |
| Overhead | (2 hrs. @ $13 per hr.) | $ | 207,100 | |
| Units manufactured | 7,700 | |||
Compute the standard cost per unit.
Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.
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Pocket CIO The Guide To Successful IT Asset Management Get To Grips With The Fundamentals Of IT Asset Management Software Asset Management And Software License Compliance Audits With This Guide
Authors: Phara Estime McLachlan
1st Edition
1783001003, 978-1783001002
