1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance.

Direct Materials Standard= 4 lbs per unit @ $6 per lb

Direct Materials Actual= 6 lbs per unit @ $7 per lb

Direct Labor Standard= 2 hours per unit @ $17 per hour

Direct Labor Actual= 2.5 hours per unit @ $14 per hour

Overhead Fixed (standard)= 2 hours per unit @ $6 per hour

Overhead Variable (standard)= 2 hours per unit @ $12 per hour

Variable overhead= $101,000

Fixed Overhead= $68,000

Actual units manufactured= 5,100 units

1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials $ 24 Direct labor 34 Overhead 24 | Total $ 82 Required 1 Required 2 1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Total cost variance Required 1 Required 2 Direct Materials Direct Labor Standard Actual Standard Actual 8 $7 $17 $6 6 lbs 6 15 $14 4 lbs 4 10 2. 5 2.5 hrs 2 hrs 0 o Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead Standard Costs Overhead - Actual Costs $20 $15 Price Per Hour $10 Fixed Overhead $5 $0 8 hrs $169,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs O hrs Fixed Overhead Variable Overhead Actual Units Manufactured