Flexible budget assessment Question 4 part 3

A manufactured product has the following information for August. Standard Quantity and Cost Actual Results Direct materials 2 pounds per unit @ $3.50 per pound Direct labor 0.5 hour per unit @ $24 per DLH Overhead $24 per DLH Units manufactured 12, 400 units Total manufacturing costs $ 380, 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. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance