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A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $9 per lb.) 56,500 lbs. @ $9.10 per lb.
A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | (7 lbs. @ $9 per lb.) | 56,500 | lbs. @ $9.10 per lb. | |
| Direct labor | (3 hrs. @ $16 per hr.) | 23,700 | hrs. @ $16.50 per hr. | |
| Overhead | (3 hrs. @ $11 per hr.) | $ | 270,100 | |
| Units manufactured | 8,000 | |||
(1) Compute the standard cost per unit.
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Financial Accounting For Non Specialities
Authors: Peter Atrill, Eddie McLaney
2nd Edition
0139833625, 9780139833625
