Question: compute the total cost variance Direct Materials Direct Labor Standard Actual Standard Actual 8 $7 $17 $6 6 lbs 6 15 $14 4 lbs 4


Direct Materials Direct Labor Standard Actual Standard Actual 8 $7 $17 $6 6 lbs 6 15 $14 4 lbs 4 10 2 5 2 hrs 2.5 hrs 0 0 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 Ha Fixed Overhead $5 $0 8 hrs $169,000 Variable overhead 6 hrs Hours Per Unit 4 hrs 2 hrs e Ohrs Fixed Overhead Variable Overhead Actual Units Manufactured tableau 1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance
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