Question
Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] A manufactured product has the
Use the following information for the Exercises below.
Skip to 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. @ $8 per lb. | 48,500 | lbs. @ $8.10 per lb. | |
| Direct labor | 2 hrs. @ $16 per hr. | 15,700 | hrs. @ $16.50 per hr. | |
| Overhead | 2 hrs. @ $12 per hr. | $ | 198,000 | |
| Units manufactured | 8,000 | |||
Exercise 23-8 Standard unit cost; total cost variance LO P2
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
Direct materials:
Direct Labor:
Overhead:
Total:
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Cross-Border Mergers And Acquisitions UK Dimensions
Authors: Moshfique Uddin, Agyenim Boateng
1st Edition
0415836603, 9780415836609
