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 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH Actual Results 47,300 pounds @ $8.20 per pound 23,100 hours @ $15.50 per hour $ 263,200 7,800 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost 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 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH Actual Results 47,300 pounds @ $8.20 per pound 23,100 hours @ $15.50 per hour $ 263,200 7,800 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost ! 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 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH Actual Results 47,300 pounds @ $8.20 per pound 23,100 hours @ $15.50 per hour $ 263,200 7,800 units (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Required 1 Required 2. Required 3 Required 4 Compute total budgeted cost for June production. Total budgeted (standard) cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Total cost variance
