Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per
Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual 36,600 lbs. @ $8.10 per lb. 21,400 hrs. @ $16.50 per hr. $264,200 7,200 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. 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 $ Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. 58 per lb. 3 hes. 516 per hr. 3 hrs. @ $12 per hr. Actual 36, 600 lbs. @ $8.10 per lb. 21,400 hrs. $16.50 per hr $264,200 7.200 (1) Compute the standard cost per unit (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the total cost variance for June (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started