3 Part Question

PART TWO

PART THREE

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. xercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO 2 ) Prepare the standard cost card showing standard cost per unit. 2) Compute total budgeted cost for June production. Compute total actual cost for June production. b) Compute total cost variance for June. Prepare the standard cost card showing standard cost per unit. Compute total actual cost for June production. Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH= Actual Hours SH= Standard Hours AR = Actual Rate SR = Standard Rate