A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e...
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A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e $8 per pound 2 DLH $16 per DLH 2 DLH e $12 per DLH Actual Results Direct materials Direct labor Overhead Units manufactured 38,500 pounds e $8.20 per pound 14,800 hours e $16.60 per hour $ 189,200 7,600 unitS (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total Compute total budgeted cost for June production. Total budgeted (standard) cost Compute total actual cost for June production. Actual cost Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds e $8 per pound 2 DLH $16 per DLH 2 DLH e $12 per DLH Actual Results Direct materials Direct labor Overhead Units manufactured 38,500 pounds e $8.20 per pound 14,800 hours e $16.60 per hour $ 189,200 7,600 unitS (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total Compute total budgeted cost for June production. Total budgeted (standard) cost Compute total actual cost for June production. Actual cost Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance
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