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This is a 3 part question. Please do all parts as it is part of the same question, Required information [The following information applies to

This is a 3 part question. Please do all parts as it is part of the same question,

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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 (5 lbs. @ $9 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $13 per hr.) Actual 44,000 lbs. @ $9.10 per lb. 17,200 hrs. @ $15.60 per hr. $ 232,800 8,700 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $9 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $13 per hr.) Actual 44,000 lbs. @ $9.10 per lb. 17,200 hrs. @ $15.60 per hr. $232,800 8,700 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ 0 $ 0 $ 0 Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $9 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $13 per hr.) Actual 44,000 lbs. @ $9.10 per lb. 17,200 hrs. @ $15.60 per hr. $ 232,800 8,700 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost $ 0 $ 0

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