Question: INPUTS Direct labor efficiency variance Direct labor rate variance Direct materials price variance Direct materials quantity variance Total direct labor variance Total direct materials variance

INPUTS Direct labor efficiency variance Direct labor rate variance Direct materials price variance Direct materials quantity variance Total direct labor variance Total direct materials variance Total variable overhead cost variance Variable overhead efficiency variance Variable overhead spending variance Volume variance AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Required information [The INPUTS

Direct labor efficiency variance
Direct labor rate variance
Direct materials price variance
Direct materials quantity variance
Total direct labor variance
Total direct materials variance
Total variable overhead cost variance
Variable overhead efficiency variance
Variable overhead spending variance
Volume variance AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $13 per hr. Actual 48,500 lbs. @ $8.20 per lb. 15,600 hrs. @ $15.40 per hr. $213,300 8,000 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. $ 48 Direct materials Direct labor Overhead Total 30 26 104 $ Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance $ 46,440 Unfavorable Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ $ 0 $ 0 O Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost

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