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Required information Skip to question [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual

Required information

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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

Standard Actual
Direct materials (6 lbs. @ $8 per lb.) 52,800 lbs. @ $8.20 per lb.
Direct labor (3 hrs. @ $16 per hr.) 25,800 hrs. @ $16.50 per hr.
Overhead (3 hrs. @ $12 per hr.) $ 319,100
Units manufactured 8,700

(1) Compute the standard cost per unit.

Answer is complete and correct.

Direct materials $48selected answer correct
Direct labor 48selected answer correct
Overhead 36selected answer correct
Total $132

(2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.
Total cost variance

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