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HOW DO I CALCULATE? A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7

HOW DO I CALCULATE?

A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual 42,500 lbs. @ $7.20 per lb. 24,900 hrs. @ $16.40 per hr. $308,000 8,400 (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 Required 1 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 I cost variance

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