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A manufactured product has the following information for August. Direct materials Direct labor Overhead. Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $4.00 per pound 0.5 hour per unit @ $28 per DLH $30 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 12,600 units $ 460,400

A manufactured product has the following information for August. Direct materials Direct labor Overhead. Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $4.00 per pound 0.5 hour per unit @ $28 per DLH $30 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 12,600 units $ 460,400

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...
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A manufactured product has the following information for August. Direct materials Direct labor Overhead! Units manufactured Total manufacturing costs (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Standard Quantity and Cost 2 pounds per unit @ $4.00 per pound 0.5 hour per unit @ $28 per DLH $30 per DLH Complete this question by entering your answers in the tabs below. Required 1 Inputs Direct materials Direct labor Overhead Required 2 Required 3 Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.) Standard price or rate Standard quantity or hours pounds DLH DLH X x X <Required 1 Actual Results Standard cost per unit Required 2 > 12,600 units $ 460,400
Transcribed Image Text:A manufactured product has the following information for August. Direct materials Direct labor Overhead! Units manufactured Total manufacturing costs (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Standard Quantity and Cost 2 pounds per unit @ $4.00 per pound 0.5 hour per unit @ $28 per DLH $30 per DLH Complete this question by entering your answers in the tabs below. Required 1 Inputs Direct materials Direct labor Overhead Required 2 Required 3 Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.) Standard price or rate Standard quantity or hours pounds DLH DLH X x X <Required 1 Actual Results Standard cost per unit Required 2 > 12,600 units $ 460,400
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