Standard cost per unit for direct materials = 6 x 8
= $48
Standard cost per unit for direct labor = 2 x 16
= $32
Standard cost per unit for overhead = 2 x 12
= $24
Direct materials | 48 |
Direct labor | 32 |
Overhead | 24 |
Total | $104 |
2.
Standard Cost | Actual Cost | Variance | |
Direct materials | 8,000 x 48 = 384,000 | 485,000 x 8.1 = 392,850 | 8,850 unfavorable |
Direct labor |
8,000 x 32 = 256,000 | 15,700 x 16.5 = 259,050 | 3,050 unfavorable |
Overhead | 8,000 x 24 = 192,000 | 198,000 | 6,000 unfavorable |
Total | $832,000 | $849,900 | $17,900 ( Unfavorable) |
Total cost variance | $17,900 | unfavorable |
Kindly comment if you need further assistance. Thanks‼!
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