Question
HELP!! The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost Actual Results
HELP!!
The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard Quantity and Cost | Actual Results | ||
|---|---|---|---|
| Direct materials | 6 pounds @ $7 per pound | 49,600 | pounds @ $7.10 per pound |
| Direct labor | 2 DLH @ $16 per DLH | 16,100 | hours @ $16.60 per hour |
| Overhead | 2 DLH @ $13 per DLH | $ 219,900 | |
| Units manufactured | 8,200 | units | |
(1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted (standard) cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June.
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
