Question: Exercise 23-7 (Algo) Standard cost per unit, total budgeted cost, and total cost variance LO P2 A manufactured product has the following information for

Exercise 23-7 (Algo) Standard cost per unit, total budgeted cost, and total cost variance LO P2 A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured. Total manufacturing costs Standard Quantity and Cost 2 pounds per unit e $8.50 per pound 0.5 hour per unit $64 per DLH $84 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 14,400 units $ 1,302,400

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