One of Red Lemon Company

parts 1-3

One of Red Lemon Company's product has the following information for March. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit $8.00 per lb. 0.5 hours per unit @ $60 per hour $78 per direct labor hour 14,200 $1,203,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in March. (3) Compute the total cost variance for March. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the standard cost per unit. Direct materials Direct labor Required 2 > One of Red Lemon Company's product has the following information for March. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit e $8.00 per lb. 0.5 hours per unit e $60 per hour $ 78 per direct labor hour 14,200 203.400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in March. (3) Compute the total cost variance for March. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total budgeted cost for production in March? Total budgeted cost Required 1 One of Red Lemon Company's product has the following information for March Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit $8.00 per lb. 0.5 hours per unit $60 per hour $78 per direct labor hour (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in March. (3) Compute the total cost variance for March (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total cost variance for March? Indicate whether the cost variance is favorable, unfavorable or no variance Cost variance