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manufactured product has the following information for June. Standard Actual Direct materials 5 lbs. @...

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Accounting

manufactured product has the following information for June. Standard Actual Direct materials 5 lbs. @ $9 per lb. 38,000 lbs. @ $9.20 per lb. Direct labor 2 hrs. @ $15 per hr. 14,600 hrs. @ $15.40 per hr. Overhead 2 hrs. @ $12 per hr. $ 186,700 Units manufactured 7,500 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June

omplete 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 $0

C

compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
Total cost variance

Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate

Actual Cost 0 0 Standard Cost
$0 0 $0
$0

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