Question
[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @
[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | 6 lbs. @ $7 per lb. | 49,000 | lbs. @ $7.20 per lb. | |
| Direct labor | 3 hrs. @ $16 per hr. | 24,000 | hrs. @ $16.50 per hr. | |
| Overhead | 3 hrs. @ $12 per hr. | $ | 298,000 | |
| Units manufactured | 8,100 | |||
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
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Fundamental Financial Accounting Concepts Paperback By Edmonds Thomas P O
Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Jennifer Edmonds, Philip R. Olds
11th Edition
9781264266234, 1264266235
