Exercise 8-7 (Static) Standard cost per unit, total budgeted cost, and total cost variance LO P2 A manufactured product has the following information for August. es Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $2.50 per pound 0.5 hour per unit @ $16 per DLH $12 per DLH Actual Results (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. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 12,000 units $ 225,400 Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal place Inputs t Direct materials Direct labor Overhead Standard quantity or hours pounds DLH K DLH K Standard price or rate Standard cost per unit Required f Required 2 > Exercise 8-7 (Static) Standard cost per unit, total budgeted cost, and total cost variance LO P2 A manufactured product has the following information for August. Direct materials Direct labor Overhead Standard Quantity and Cost 2 pounds per unit @ $2.50 per pound 0.5 hour per unit $16 per DLH $12 per DLH Actual Results Units manufactured Total manufacturing costs 12,000 units $225,400 (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. 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 Exercise 8-7 (Static) Standard cost per unit, total budgeted cost, and total cost variance LO P2 A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 2 pounds per unit @$2.50 per pound 0.5 hour per unit @ $16 per DLH $12 per DLH Actual Results Total manufacturing costs 12,000 units $ 225,400 (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total cost variance for August. (Indicate the effect of the variance by selecting faveavorable, or no variance.) Total cost variance