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A manufactured product has the following information for June. ...

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Accounting

A manufactured product has the following information for June.

Standard Actual
Direct materials (6 lbs. @ $8 per lb.) 48,500 lbs. @ $8.10 per lb.
Direct labor (2 hrs. @ $16 per hr.) 15,700 hrs. @ $16.50 per hr.
Overhead (2 hrs. @ $12 per hr.) $ 198,000
Units manufactured 8,000
(1)

Compute the standard cost per unit

Direct Material= _________

Direct Labor=___________

Overhead=_____________
(2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.
Total Cost Variance=________

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