A manufactured product has the following information for June. Standard 58 per lb. $16 per hr....
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A manufactured product has the following information for June. Standard 58 per lb. $16 per hr. $11 per hr. Direct materials Direct labor Overhead Units manufactured 6 lbs. 3 hrs. 3 hra. (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Actual 54,500 lbs. 26,700 hrs. $303,400 9,000 $8.10 per 1b. $16.50 per hr. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance A manufactured product has the following information for June. Standard 58 per lb. $16 per hr. $11 per hr. Direct materials Direct labor Overhead Units manufactured 6 lbs. 3 hrs. 3 hra. (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Actual 54,500 lbs. 26,700 hrs. $303,400 9,000 $8.10 per 1b. $16.50 per hr. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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