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	6 pounds @ $7 per pound	44,300	pounds @ $7.20 per pound
Direct labor	3 DLH @ $15 per DLH	21,500	hours @ $15.40 per hour
Overhead	3 DLH @ $12 per DLH	$ 268,900
Units manufactured		7,300	units

Exercise 23-8 (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.

pt2

Exercise 23-9 (Algo) Direct materials variances LO P3

Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

pt3

Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate