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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units...

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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. @ $8 per lb.) 3 hrs. @ $15 per hr.) hrs. @ $12 per hr.) Actual 58,600 lbs. @ $8.10 per lb. 24,600 hrs. @ $15.40 per hr. $384,900 Compute the standard cos Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (7 lbs. @ $8 per lb.) (3 hrs. @ $15 per hr.) (3 hrs. @ $12 per hr.) Actual 58,600 lbs. @ $8.10 per lb. 24,600 hrs. @ $15.40 per hr. $304,900 8,300 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favo unfavorable Actual Cost Standard Cost $ 0

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