Question: need help finding standard cost Required Information (The following information applies to the questions displayed below.) A manufactured product has the following Information for June.

need help finding standard cost
need help finding standard cost Required Information (The following information applies to

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 (7 lbs. $9 per lb.) (2 hrs. $17 per hr.) (2 hrs. $11 per hr.) Actual 58,600 lbs. $9.10 per lb. 16,300 hrs. $17.60 per hr. $189,600 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. AQ - Actual Quantity SO - Standard Quantity AP - Actual Price SP Standard Price Actual Cost Standard Cost AQ SP XP SP $ 9.00 58.6001 8 | 8 9 10 58.500l 533,260 527 400 $ 5,860 Direct materials price varianco Direct materials quantity variance Total direct materiais variance $ 5,860 unfavorable of unfavorable Unfavorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f