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Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor
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 Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH $ 201,000 (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. Actual Results 49,100 pounds @ $8.20 per pound 15,800 hours @ $16.60 per hour 8,100 units
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