a manufactured product has the following information for June connect t#3Acctg 4

Question

a manufactured product has the following information for June connect t#3Acctg 4Bapters 21, 22, 23, & 24 KQuestion 2 4. A manufactured product has the following information for June. Standard Actual Direct materials Direct labor Overhead Units (6 lbs @$8 per Ib.) 46.800 ibs. @ $8.10 per lb. 3 hrs. $16 per hr.) 22.800 hrs. $16.40 per h (3 hrs. $12 per hr.) $282,800 7,700 (1) Compute the standard oost per unit Direct Direct labor Overnead Toral (2) Comoute the total cost vanance for June. Ind cate whether the cost variance is favcrable or unfavorabie. oost variance

Explanation / Answer

1)

2)

Direct materials (6*$8) $    48 Idrect labour (3*$16) $    48 Overhead (3*$12) $    36 Total $ 132

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