Return to 1 ! Required information Part 1 of 3 Use the following information for the Exercises below [The following information applies to the questions displayed below.] A manufactured product has the following information for June 16.66 points Standard Actual 1bs. $8.20 per (7 lbs.@ $8 per lb.) (3 hrs. $17 per hr.) (3 hrs. $12 per hr.) 56,500 1b. Direct materials hrs. $17.40 per Direct labor 23,700 hr. $293,800 Overhead Units manufa ctured 8,000 Exercise 21-8 Standard unit cost; total cost variance LO C2 (1) Compute the standard cost per unit. Answer is complete and correct. Direct materials 56 Direct labor 51 36 Overhead 143 Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Answer is not complete. Total cost Unfavorable variance 6 Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 600 computers at a $900 average price each. The May 2017 fixed budget included sales of 650 computers at an average price of $860 each. 16.7 points AQ = Actual Quantity SQ Standard Quantity AP Actual Price eBook SP Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017. Hint Flexible Budget Budgeted Sales Actual Sales Print References