Question

Required Information The following information applies to the questions displayed below A manufactured product has the following information for June. Direct aterials Direct laber Ovethead (6 įbs. e $7 per lb.) (2 hrs. e$15 per hr. 2 hrs. $13 per hr) $206,800 16,800 ibs. $7.10 per 1b. 15.100 hrs. $15.50 per hr. 7,700 Compute the standard cost per unt Direct Direct laber Total favorable or untvorable Compute the total cost variance for une. Indicate whether the cost vanance Favorable e靂囫曲圍 。 Type here to search -

Answer 1

1)

Calculation of Standard cost per unit
Direct Materials	$    42.00
Direct Labor	$    30.00
Overhead	$    24.00
Total	$    96.00

2)

Description	Standard Cost	Actual Cost
Direct Materials	$    323,400.00	$ 332,280.00
Direct Labor	$    231,000.00	$ 234,050.00
Overhead	$    184,800.00	$ 206,800.00
Total	$    739,200.00	$ 773,130.00
Total Cost Variance	$      33,930.00	Unfavorable