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A manufactured product has the following information for June. Standard Direct materials 5 lbs. @$9 per lb. Direct labor 2 hrs. @ $16 per
A manufactured product has the following information for June. Standard Direct materials 5 lbs. @$9 per lb. Direct labor 2 hrs. @ $16 per hr. Overhead 2 hrs. @$12 per hr. Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Actual 41,500 lbs. @ $9.10 per lb. 16,100 hrs. @ $16.50 per hr. $202,900 8,200 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
