Part two

Required information The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. 57 per 15.) 12 hrs. 16 per hr.) (2 hrs. $12 per he.) Actual 43,100 lbs. $7.10 per Ib. 13,900 hrs. . $16.50 per hr. 9176,400 7.100 (1) Compute the standard cost per unit. Direct material Direct labor Overhead (2) Compute the total cost variance for June, Indicate whether the cost variance is favorable or unfavorable. Total cost variance Required information The following information applies to the questions displayed below./ A manufactured product has the following information for June. Standard (6 lbs. 57 per lb.) (2 hrs. $16 per he. ) (2 hrs. $12 per hE.) Direct materials Direct labor Overhead Units manufactured $7.10 per le $16.50 per hr. 43,100 lbs. 13,900 hrs. $176, 400 7,100 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP - Standard Price Standard Cost Actual Cost