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.
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
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