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 Actual Results Direct materials 6 pounds @ $ 7 per pound 4

A manufactured product has the following information for June.
Standard Quantity and Cost Actual Results
Direct materials 6 pounds @ $7 per pound 47,900 pounds @ $7.20 per pound
Direct labor 3 DLH @ $16 per DLH 23,500 hours @ $16.60 per hour
Overhead 3 DLH @ $12 per DLH $ 290,600
Units manufactured 7,900 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.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Students also viewed these Accounting questions

Question

Does it have correct contact information?

Answered: 1 week ago