Homework Help Save & Exit Submit Check my work Exercise 21-7 Standard unit cost; cost variances LO P2 A manufactured product has the following information for August EN Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit @ $11.50 per lb. 0.5 hours per unit @ $88 per hour $120 per direct labor hour 15,600 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the standard cost per unit. Saved Help Save & Exit Submi Check my work (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August. (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the standard cost per unit. Direct materials Direct labor Overhead Total Required 2 > mework 0 Saved Help Save & Exit Subm Check my work $120 per direct labor hour Overhead Units manufactured Total manufacturing costs 15,600 $1,976,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August. (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total budgeted cost for production in August. Total budgeted cost mework 0 Help Save & Exit Submit Check my work $120 per direct labor hour Overhead Units manufactured Total manufacturing costs 15,600 $1,976,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August. (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) BARS Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total cost variance for August. Indicate whether the cost variance favorable, unfavorable or no variance. Cost variance Required 2