Question
A manufactured product has the following information for June. Standard Direct materials 7 lbs. @ $8 per lb. Direct labor 3 hrs. $16 per
A manufactured product has the following information for June. Standard Direct materials 7 lbs. @ $8 per lb. Direct labor 3 hrs. $16 per hr. Overhead Units manufactured 3 hrs. @ $11 per hr. Actual 51,000 lbs. @ $8.10 per lb. 21,200 hrs. @ $16.60 per hr. $243,800 7,200 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
