Question



A manufactured product has the following information for June.


StandardActual
Direct materials5 lbs. @ $8 per lb.
38,000lbs. @ $8.10 per lb.
Direct labor3 hrs. @ $16 per hr.
22,200hrs. @ $16.40 per hr.
Overhead3 hrs. @ $11 per hr.$252,700
Units manufactured

7,500

(1) Compute the standard cost per unit.
(2) Compute the total cost variance for June.

Direct materials :

Direct labor:

Overhead:

Total :

Total cost variance:

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Answer #2

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