Question
A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 48,500 pounds
A manufactured product has the following information for June.
| Standard Quantity and Cost | Actual Results | ||
|---|---|---|---|
| Direct materials | 6 pounds @ $8 per pound | 48,500 | pounds @ $8.10 per pound |
| Direct labor | 2 DLH @ $16 per DLH | 15,700 | hours @ $16.50 per hour |
| Overhead | 2 DLH @ $12 per DLH | $ 198,000 | |
| Units manufactured | 8,000 | 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.
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Principles Of Knowledge Auditing Foundations For Knowledge Management Implementation
Authors: Patrick Lambe
1st Edition
0262545039, 978-0262545037
