A manufactured product has the following information for June.

A manufactured product has the following information for June.

A manufactured product has the following information for June.StandardActualDirect 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.$252,700Units manufactured7,500(1) Compute the standard cost per unit.(2) Compute the total cost variance for June.Direct materials :Direct labor:Overhead:Total :Total cost variance:

Required information [The following information applies to the questions displayed below.] A manufactured product has the...

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $8 per lb. 62,900 lbs. @ $8.10 per lb. Direct labor 3 hrs. @ $17 per hr. 26,400 hrs. @ $17.50 per hr. Overhead 3 hrs. @ $13 per hr. $ 352,500 Units manufactured 8,900 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June.

[The following information applies to the questions displayed below.] A manufactured product has the following information...

[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 5 lbs. @ $8 per lb. 40,000 lbs. @ $8.20 per lb. Direct labor 2 hrs. @ $16 per hr. 15,400 hrs. @ $16.50 per hr. Overhead 2 hrs. @ $12 per hr. $ 195,800 Units manufactured 7,900 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering...

[The following information applies to the questions displayed below.] A manufactured product has the following information...

[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 6 lbs. @ $8 per lb. 44,800 lbs. @ $8.20 per lb. Direct labor 3 hrs. @ $17 per hr. 21,900 hrs. @ $17.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 272,900 Units manufactured 7,400 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering...

Required information [The following information applies to the questions displayed below.] A manufactured product has the...

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $8 per lb. 62,900 lbs. @ $8.10 per lb. Direct labor 3 hrs. @ $17 per hr. 26,400 hrs. @ $17.50 per hr. Overhead 3 hrs. @ $13 per hr. $ 352,500 Units manufactured 8,900 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...

Use the following information for the Exercises below. [The following information applies to the questions displayed...

Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $7 per lb.) 62,900 lbs. @ $7.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 26,500 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $13 per hr.) $ 352,600 Units manufactured 8,900 Exercise 23-8 Standard unit cost; total cost variance LO C2 (1) Compute...

Use the following information for the Exercises below. [The following information applies to the questions displayed...

Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $7 per lb. 56,400 lbs. @ $7.10 per lb. Direct labor 3 hrs. @ $16 per hr. 23,600 hrs. @ $16.50 per hr. Overhead 3 hrs. @ $12 per hr. $ 293,100 Units manufactured 8,000 Exercise 08-9 Direct materials variances LO P3 Compute the direct materials price...

Check my workCheck My Work button is now enabled Item 7 Item 7 Part 1 of...

Check my workCheck My Work button is now enabled Item 7 Item 7 Part 1 of 3 10 points Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $8 per lb. 60,100 lbs. @ $8.20 per lb. Direct labor 2 hrs. @ $15 per hr. 16,800 hrs. @ $15.50 per hr. Overhead 2 hrs. @ $12 per hr. $ 209,800 Units manufactured...

A manufactured product has the following information for August. Standard Actual Direct materials 2 lbs. per...

A manufactured product has the following information for August. Standard Actual Direct materials 2 lbs. per unit @ $12.50 per lb. Direct labor 0.5 hours per unit @ $96 per hour Overhead $132 per direct labor hour Units manufactured 16,000 Total manufacturing costs $ 2,216,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August. (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable,...

Reed Corp. has set the following standard direct materials and direct labor costs per unit for...

Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. @ $4 per lb.) $60 Direct labor (3 hrs. @ $16 per hr.) 48 During June the company incurred the following actual costs to produce 8,300 units. Direct materials (127,400 lbs. @ $3.80 per lb.) $ 484,120 Direct labor (29,000 hrs. @ $16.15 per hr.). 468,350 AH = Actual Hours SH = Standard Hours AR =...