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 6 lbs. @ $8 per lh. 2 hrs. $16 per hr. 2 hrs. 8 $12 perhe. Retual 48,500 lbs. 98.10 per lb. 15,700 hrs. $16.50 per hr. $199,000 8,000 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June Complete this question by entering your answers in the tabs below. Required 1 Required 2 Computo the standard cost per unit Direct materials Direct labor Overhead Total Required 2 > 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 6 lbs. sa per lb. 2 hrs. $16 per hr. 2 hrs. & $12 per hr. Actual 48,500 lbs. 098.10 per lb. 15,700 hrs. $16.50 per hr. $190,000 8,000 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and 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 materiala Direct labor Overhead Units man tactured Standard 6 lbs. @ sa per lb. 2 hrs. @ 916 per hr. 2 hrs. $12 per hr. ketual 48,500 lbs. 40.10 per b. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH-Actual Hours SHStandard Hours AR-Actual Rate SR -Standard Rate Artual Cost Standard Cost Required information The following information appliesto the questions displayed below! Sedona Company set the following standard costs for one unit of its product for this year Direct material 120 lbs. $3.30 per b.) Direct labor (15 hrs. @ $6.00 per hr.) Variable overhead (15 hrs. $2.80 per hr.) Fixed overhead (15 hrs. @ $1.20 per he. Total standard cost $ 66.00 90.00 42.00 18.00 $216.00 The $4.00 (52.80 + $120) total overhead rate per direct labor hour is based on an expected operating level equal to 75% of the factory's capacity of 58.000 units per month The following monthly flexible budget information is also available. 75 809 Operating Level of capacity 701 40,600 43, 500 46,400 609,000 652,500 696,000 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollara) Variable overhead Fixed overhead Total overhead $1,705,200 783,000 $2,488, 200 $1,927.000 783,000 $2,610,000 $1,948,800 703.000 $2,731,800 During the current month, the company operated at 70% of capacity, employees worked 575,000 hours, and the following actual overhead costs were incurred Voc Lable overhead costs Fixed ovechend conta Total overhead con $1,624,000 865,000 $2,490,000 (1) Compute the predetermined overhead application rate per hour for total overhead, variable overhead, and fixed overhead Predetermined OH Rate Variable overhead costs During the current month, the company operated at 70% of capacity, employees worked 575,000 hours and the following actual overhead costs were incurred Variable overhead costs Yixed overhead coats Total overhead costs $1,624,000 866,000 $2,490,000 (1) Compute the predetermined overhead application rate per hour for total overhead, variable overhead, and fixed overhead Predetermined OH Rate Vanable overhead costs Fixed overhead costs Total overhead costs 2) Compute the total variable and total fixed overhead variances and classify each as favorable or unfavorable Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) At 70% of Operating Capacity Standard DL Overhead Costs Actual Results Variance Fav./Unf. Hours Applied Variable overhead costs Fixed overhead costo Total overhead costs
