Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of Red Lemon Company's product has the following information for March Actual Standard Direct materials 2 lbs. per unit @ $9.89 per lb. Direct

image text in transcribed
image text in transcribed
image text in transcribed
One of Red Lemon Company's product has the following information for March Actual Standard Direct materials 2 lbs. per unit @ $9.89 per lb. Direct labor 0.5 hours per unit @ $68 per hour Overhead $90 per direct labor hour Units manufactured Total manufacturing costs 14,689 $1,411,480 (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 varlance by selecting for favorable, unfavorable, and no varlance) s question by entering your answers in the tabs below. Required 1 Require1 Required 2 Required 3 Compute the standard cost per unit. Direct materials Overhem Required 2 > One of Red Lemon Company's product has the following information for March. Actual Standard Direct materials 2 lbs. per unit @ $9.00 per lb. Direct labor 0.5 hours per unit @ $68 per hour Overhead $90 per direct labor hour Units manufactured Total manufacturing costs 14,609 $1,411,400 (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, variance) Complete this question by entering your answers in the tabs below. Required 1 Requirlas 2 Required 3 What is the total budgeted cost for production in March? Total budgeted cost One of Red Lemon Company's product has the following information for March Actual Standard Direct materials 2 lbs. per unit @ $9.80 per lb. Direct labor 0.5 hours per unit @ $68 per hour Overhead $90 per direct labor hour Units manufactured Total manufacturing costs 14,689 $1,411,400 (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 varlance by selecting for favorable, unfavore 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 variano Cost varianoe

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quicken 2015 For Dummies

Authors: Stephen L. Nelson

1st Edition

1118920139, 978-1118920138

More Books

Students also viewed these Accounting questions