Question
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 7
Required information
[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | 7 lbs. @ $8 per lb. | 62,900 | lbs. @ $8.10 per lb. | |
| Direct labor | 3 hrs. @ $17 per hr. | 26,400 | hrs. @ $17.50 per hr. | |
| Overhead | 3 hrs. @ $13 per hr. | $ | 352,500 | |
| Units manufactured | 8,900 | |||
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
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Financial Accounting For Non Specialities
Authors: Peter Atrill, Eddie McLaney
2nd Edition
0139833625, 9780139833625
