PART 1 A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 5 pounds @ $7 per pound 36,400 pounds @ $7.20 per pound Direct labor 3 DLH @ $15 per DLH 21,300 hours @ $15.50 per hour Overhead 3 DLH @ $12 per DLH $ 264,300 Units manufactured 7,200 units

(1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June.

PART 2

[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	5 pounds @ $7 per pound	36,400	pounds @ $7.20 per pound
Direct labor	3 DLH @ $15 per DLH	21,300	hours @ $15.50 per hour
Overhead	3 DLH @ $12 per DLH	$ 264,300
Units manufactured		7,200	units

Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

PART THREE

[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	5 pounds @ $7 per pound	36,400	pounds @ $7.20 per pound
Direct labor	3 DLH @ $15 per DLH	21,300	hours @ $15.50 per hour
Overhead	3 DLH @ $12 per DLH	$ 264,300
Units manufactured		7,200	units

Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate