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Please Show Calculations in Excel! Thank you in advance! Required information [The following information applies to the questions displayed below.] A manufactured product has the
Please Show Calculations in Excel! Thank you in advance!
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Standard 7 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual lbs. @ $9.10 per 61,400 lb. hrs. @ $16.50 25,800 per hr. $319,600 Direct labor Overhead Units manufactured 8,700 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. $ 63 Direct materials Direct labor 48 Overhead 36 Total $ 147 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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 $285,240 X UnfavorableStep by Step Solution
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