Question
Required information Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] A manufactured
Required information
Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
Standard Quantity and Cost | Actual Results | ||
---|---|---|---|
Direct materials | 7 pounds @ $7 per pound | 58,700 | pounds @ $7.20 per pound |
Direct labor | 3 DLH @ $16 per DLH | 24,600 | hours @ $16.50 per hour |
Overhead | 3 DLH @ $12 per DLH | $ 304,800 | |
Units manufactured | 8,300 | units |
Exercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2
(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. Prepare the standard cost card showing standard cost per unit. Complete this question by entering your answers in the tabs below. Compute total budgeted cost for June production. Complete this question by entering your answers in the tabs below. Compute total actual cost for June production. Complete this question by entering your answers in the tabs below. Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Complete this question by entering your answers in the tabs below. Prepare the standard cost card showing standard cost per unit. Complete this question by entering your answers in the tabs below. Compute total budgeted cost for June production. Complete this question by entering your answers in the tabs below. Compute total actual cost for June production. Complete this question by entering your answers in the tabs below. Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)Step by Step Solution
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