Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my w A manufactured product has the following information for August Actual Results Standard Quantity and cost Direct materials 2 pounds per unit 58.50

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Check my w A manufactured product has the following information for August Actual Results Standard Quantity and cost Direct materials 2 pounds per unit 58.50 per pound Direct labor 0.5 hour per unit @ $64 per DH Overhead 584 per OLH Units manufactured Total manufacturing costs (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August (3) Compute the total cost variance for August 14,400 units $ 1,302,400 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the standard cost card showing standard cost per unit (Round your final answers to 2 decimal places) Inputs Standard quantity or hours Standard price or rate Standard cost per unit Direct materials pounds (5) Compute the total cost vanance for August Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 ed Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places) Inputs Standard quantity or hours Standard price or rate Standard cost per unit Ince Direct materials Direct labor Overhead pounds DLH DLH Required 2 > rieparture statuar (2) Compute total budgeted cost for production in August (3) Compute the total cost variance for August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total budgeted cost for production in August. Total budgeted cost

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

Recommended Textbook for

Handbook Of Energy Audits

Authors: Prentice-Hall

1st Edition

0881731285, 978-0881731286

More Books

Students also viewed these Accounting questions

Question

Starting with Eqs (4.35) and (4.43), derive Eq. (4.62).

Answered: 1 week ago