Question
A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $8 per lb.) 48,500 lbs. @ $8.10 per lb.
A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | (6 lbs. @ $8 per lb.) | 48,500 | lbs. @ $8.10 per lb. | |
| Direct labor | (2 hrs. @ $16 per hr.) | 15,700 | hrs. @ $16.50 per hr. | |
| Overhead | (2 hrs. @ $12 per hr.) | $ | 198,000 | |
| Units manufactured | 8,000 | |||
| 1. Compute the standard cost per unit. 2. Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. |
|
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A Sneak Peek Into The Auditing World A Day Of An Auditor
Authors: Anupma Aggarwal, Adv (Dr.) Raj Kumar S Adukia
1st Edition
1648997074, 978-1648997075
