Question: Part 2: Compute the total cost variance for June ( Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance). !

Part 2: Compute the total cost variance for June (Indicate the

Part 2: Compute the total cost variance for June (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance).

! 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. @ $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $11 per hr. Actual 51,600 lbs. @ $7.10 per lb. 16,700 hrs. @ $16.60 per hr. $ 193,500 8,500 (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. Direct materials Direct labor Overhead Total

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