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A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $8 per lb. 48,500 lbs. @ $8.10 per lb.
A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | 6 lbs. @ $8 per lb. | 48,500 | lbs. @ $8.10 per lb. | |
| Direct labor | 2 hrs. @ $16 per hr. | 15,700 | hrs. @ $16.50 per hr. | |
| Overhead | 2 hrs. @ $12 per hr. | $ | 198,000 | |
| Units manufactured | 8,000 | |||
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
