Question
A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 49,600 pounds
A manufactured product has the following information for June.
| Standard Quantity and Cost | Actual Results | ||
|---|---|---|---|
| Direct materials | 6 pounds @ $8 per pound | 49,600 | pounds @ $8.10 per pound |
| Direct labor | 2 DLH @ $16 per DLH | 16,000 | hours @ $16.60 per hour |
| Overhead | 2 DLH @ $12 per DLH | $ 203,500 | |
| Units manufactured | 8,200 | units | |
(1) Compute total budgeted cost for June production. (2) Compute total actual cost for June production. (3) Compute total cost variance for June.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
