Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e $8 per pound 2 DLH $16 per DLH

A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e $8 per pound 2 DLH $16 per DLH 2 DLH e $12 per DLH Actual Results Direct materials Direct labor Overhead Units manufactured 38,500 pounds e $8.20 per pound 14,800 hours e $16.60 per hour $ 189,200 7,600 unitS (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total Compute total budgeted cost for June production. Total budgeted (standard) cost Compute total actual cost for June production. Actual cost Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance

Step by Step Solution

3.52 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Answer The answer provided below has been developed in a clear step by step manner Explana... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

24th edition

1259916960, 978-1259916960

More Books

Students also viewed these Accounting questions

Question

Who placed pollock the painter on a retainer

Answered: 1 week ago