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Item 7

Item 7 Part 1 of 3 10 points

Required information

[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	7 lbs. @ $8 per lb.		60,100	lbs. @ $8.20 per lb.
Direct labor	2 hrs. @ $15 per hr.		16,800	hrs. @ $15.50 per hr.
Overhead	2 hrs. @ $12 per hr.	$	209,800
Units manufactured			8,500

(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.