Question
A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $7 per lb. 55,100 lbs. @ $7.10 per lb.
A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $7 per lb. 55,100 lbs. @ $7.10 per lb. Direct labor 2 hrs. @ $15 per hr. 15,200 hrs. @ $15.50 per hr. Overhead 2 hrs. @ $12 per hr. $ 193,600 Units manufactured 7,800
(1) Compute the standard cost per unit.
(2) Compute the total cost variance for June.
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
