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Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials (6
Required information
[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.) | 42,600 | lbs. @ $8.10 per lb. | |
Direct labor | (3 hrs. @ $15 per hr.) | 20,700 | hrs. @ $15.50 per hr. | |
Overhead | (3 hrs. @ $13 per hr.) | $ | 279,600 | |
Units manufactured | 7,000 | |||
|
(1) Compute the standard cost per unit.
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