Question
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
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.
| Standard | Actual | |||
| Direct materials | 5 lbs. @ $8 per lb. | 38,000 | lbs. @ $8.10 per lb. | |
| Direct labor | 3 hrs. @ $16 per hr. | 22,200 | hrs. @ $16.40 per hr. | |
| Overhead | 3 hrs. @ $11 per hr. | $ | 252,700 | |
| Units manufactured | 7,500 | |||
(1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
Direct materials :
Direct labor:
Overhead:
Total :
Total cost variance:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Information Technology And Insights Audit Controls Bringing A Vision And Understanding To Effective Practices
Authors: R. Allen Conner
1st Edition
1720081883, 978-1720081883
